Led by World Innovation Lab, the round also featured Itochu Corporation and follows earlier series A and A+ investment by IDG Capital Partners.
Month: November 2016
GE Healthcare books 20% stake in PLV
The deal will enable GE Healthcare to tap into the early-stage healthcare and wellness sector worth an estimated $28bn globally.
Galera pushes series B to $57m
Sofinnova Ventures has provided a $15m extension to the series B round, which is already backed by Novo and Novartis.
Investors tune into $106m Devialet round
Foxconn has led the round through its European investment arm Ginko Ventures, while the corporate also invested directly alongside a consortium that included Renault and Sharp.
Med-El hears AudioCure’s call in $9m series A
AudioCure Pharma, a Germany-based pharmaceutical developer focused on hearing disorders, closed a series A round sized at about €9m ($9.6m) yesterday that featured hearing implant technology provider Med-El. German public-private partnership High-Tech Gründerfonds (HTGF) also took part in the round. Founded in 2010 by Hans Rommelspacher, former head of the department of clinical neurobiology at… Continue reading Med-El hears AudioCure’s call in $9m series A
Oxthera gets a dose of fresh capital with $34m round
The biopharmaceutical developer, a spinout from medical device company Q-Med, is entering the third phase of testing a drug to prevent kidney failure.
Colella to take top innovation job at Citi
Colella, who had been ranked third in the GCV Rising Star 2016 awards, had been seen as heir apparent for the CIO role but the final confirmation could see a number of other personnel changes, insiders said.
Innovent Biologics researches $260m series D
Legend Capital returned for the round that also featured a host of other insurance providers and Chinese state-owned entities such as Temasek.
BMW gears up for $530m fund
BMW iVentures is establishing a $530m fund as it moves its headquarters from New York to Palo Alto to be closer to potential investees and drive an international expansion.
Indosat thinks outside the Ideabox
The telecoms provider has joined Mountain Partners and Kejora Ventures to launch Ideabox Ventures, a VC firm offering pre-series A capital to startups.
Infosys reaches for the stars with investment in Stellaris
India-based IT services provider Infosys has agreed to invest Rs316m ($4.6m) toward the first close of venture capital firm Stellaris Venture Partners’ first fund. The capital will be drawn from Infosys’s $500m Innovation Fund, which was launched in 2013 with an initial tranche of $100m, and is intended to support startups in sectors such as artificial intelligence,… Continue reading Infosys reaches for the stars with investment in Stellaris
Branch joins XL Catlin
Vincent Branch has taken over as chief executive of insurance provider XL Catlin’s Accelerate division.
Vermuri leaves Baxalta Ventures
Geeta Vermuri, head of Baxalta Ventures, has left following the corporate’s acquisition by Shire and a change in investment strategy.
Netmeds places an order for Pluss
Online pharmacy Netmeds acquired the medicine delivery app for an undisclosed sum, providing an exit for Pluss backer IDG Ventures India.