Wenjie Wu has left Ctrip for Baidu’s $3bn corporate venturing fund, where she will also head up a travel-themed fund partnership between the two companies.
Month: November 2016
Zola books $25m series C
The AOL-backed wedding registry platform has raised more than $40m to date after sealing a round led by Lightspeed Venture Partners at a $225m post-money valuation.
Ctrip beams up Skyscanner in $1.74bn deal
Yahoo Japan will exit travel search platform Skyscanner less than a year after taking part in a $192m round that reportedly valued it at $1.6bn.
Climate Corp harvests VitalFields
The agriculture analytics business has acquired VitalFields for an undisclosed sum, giving an exit to sister unit Monsanto Growth Ventures.
Deloitte deploys Israeli innovation hub
US-based accountancy and consulting firm Deloitte has launched an innovation hub called Innovation Tech Terminal (ITT) in Tel Aviv, Israel, to help global clients connect with Israel-based startups. Israel has about 6,000 startups developing disruptive innovations in sectors such as financial services, digital health, automotive, the internet of things and sports technologies, and hosts more… Continue reading Deloitte deploys Israeli innovation hub
Astex fills prescription for Dementia Discovery Fund
The UK-based pharmaceuticals company joins an investor group that includes Biogen, GlaxoSmithKline, Johnson & Johnson, Lilly, Pfizer and Takeda.
Alibaba and Tencent go Barefoot
Barefoot Networks has received $23m from investors including Alibaba and Tencent to take its Google-backed series C round to $80m and its total funding to $130m.
All Digital has some AcFun after $36m investment
AcFun investors Youku Tudou and SoftBank China Venture Capital are selling $36m of shares to online content publisher Chinese All Digital Publishing Group.
UniVenture Visions 2017 Symposium – Hong Kong
The Coller Institute of Venture is proud to announce a confirmed list of speakers at UniVenture Visions, a high-level, exclusive symposium focused on the evolving role of research universities as centers of venture and innovation. The meeting will take place in Hong Kong on Sunday, April 23, 2017. View the list of speakers at http://civ.global/uv2017hk and use… Continue reading UniVenture Visions 2017 Symposium – Hong Kong
Mandiri Capital to mobilise startups with $15m
The corporate venturing arm of state-owned lender PT Bank Mandiri aims to invest the money in between four and eight fintech startups in 2017.
Draper Nexus attracts Japanese corporates for $175m fund
Panasonic, Hitachi, Shimizu, NEC, Canon and Kyocera are among 20 limited partners in the venture firm’s $175 second fund, which has just closed.
Tencent joins in $217m HeTai Life Insurance venture
Tencent and seven other investors are providing the money as online insurance platform HeTai prepares to launch in 2017.
Cogito thinks big with $15m series B
Emotional intelligence technology developer Cogito secured a re-up from Salesforce Ventures just one year after it closed a $5.5m series A backed by the unit.
DPS consumes Bai Brands in $1.7bn deal
Dr Pepper Snapple Group has acquired antioxidant-infused drink producer Bai Brands, just over 18 months after it paid $15m for a 3% stake in the company.