Dutch corporates KPN and ING have contributed to the first fund to be raised by newly launched European venture firm Keen Venture Partners.
Month: November 2016
Relay reaches next leg with $150m third fund
US Cellular and Royal Bank of Canada are among the limited partners in venture capital firm Relay Ventures’ third fund, which has already made 10 investments.
Hain Celestial to cultivate startups
The organic foods producer will invest in startups and incubate new brands through a division dubbed Cultivate Ventures.
Droit gets compliance from financial sector for $16m round
Droit has received money from investors such as DRW, Wells Fargo and Goldman Sachs to expand internationally and will start by opening an office in Singapore.
Atlas Recall maps out Microsoft-backed round
Microsoft has contributed to a $20.7m round for Atlas Recall, the developer of a personal search engine that surfaces data from across a user’s devices.
Wish sets its heart on $500m
Temasek is set to lead a $500m funding round for the Legend Holdings-backed mobile commerce company that is expected to close within weeks.
SoftBank to make space in its Vision for Mubadala
Abu Dhabi’s Mubadala Development Company is in talks with SoftBank for a multi-billion dollar investment in its Vision Fund, which has set a $100bn target.
Intel Capital president to shrink portfolio 25%
Wendell Brooks told attendees at the Intel Capital Global Summit the unit plans to invest more money in less companies, cutting its portfolio from around 400 to between 250 and 300 in the next six years.
Munich Re picks up Relayr investment baton
Relayr has secured $23m in a round led by reinsurer Munich Re as part of a strategic partnership, taking the internet-of-things technology developer’s total funding to more than $36m.
AgTech Accelerator speeds to $20m
Elanco joined existing backers including Bayer and Syngenta to add $8.5m to the accelerator’s capital reserves, boosting them to $20m.
Anuvia reaps $23m
Evans Properties, Agro-Iron and Shrieve were among the investors in a round that will help the fertiliser producer prepare to build a second manufacturing plant.
Lazada collects Redmart in $50m deal
SoftBank and Garena will exit the Singaporean online grocer, which had aimed to raise $100m in funding earlier this year, in a purchase reportedly sized at $50m.
IDG Capital enters Kr Space in $30m round
Kr Space, a co-working spinout of 36Kr, has received $30m in series B funding from IDG Capital Partners and Prometheus Capital.
Classy fundraises $30m
Salesforce Ventures returned for the fundraising platform’s series C round, having contributed to its $18m series B last year.