Total, Salesforce and Tamer Group were among the new investors joining existing backers like Intel and Air Liquide as Sigfox prepares to grow its network to 60 countries.
Month: November 2016
Magilm rolls with $29m series D
Huayi Brothers led the round and will help Magilm grow its film, television and animation production capabilities as well as its marketing and distribution services.
HuoCheBang makes noise with $20m from IFC
The Tencent-backed trucking logistics app developer secured funding from International Finance Corporation after raising $35m last year.
Williams raises green flag on $25m fund
Foresight Williams Technology EIS Fund, formed by Formula One team Williams Grand Prix Engineering and Foresight Group, plans to invest up to $2.5m in at least 10 companies.
Buzzfeed’s confirms $200m NBCUniversal investment
Buzzfeed has raised $200m from strategic partner NBCUniversal at the same $1.5bn valuation as the $200m it supplied in August last year.
Sodexo to feed startups with $53m fund
The catering and facilities management company has launched a corporate venturing unit, Sodexo Ventures, and invested in restaurant engagement platform Wynd.
Yixia clips $500m in funding
Weibo reportedly provided $120m of the funding for the livestreaming and short-form video app developer, having contributed to its $200m round a year ago.
Big Deal: FanDuel and DraftKings to join the same team
The daily fantasy sports companies, backed by several media groups, professional sports leagues and teams, are set to merge.
Glycomine digs into $12m series A
Pharmaceutical company Chiesi Group’s strategic investment unit has become an investor in Glycomine, which develops replacement therapies for rare diseases.
News round up 21 November 2016
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Apama climbs to $19.5m
US-based medical device developer Apama Medical has closed a $13m series C round featuring Ascencion Ventures, the corporate venturing arm of healthcare provider Ascension Health. Existing investors including Onset Ventures, Incept and Medvance Incubator Partners took part in the round alongside various angel investors. Silicon Valley Bank provided a debt facility of up to $6.5m,… Continue reading Apama climbs to $19.5m
Borchers leads Allianz X
Peter Borchers (pictured) has become CEO of Allianz X, an insurtech accelerator that forms part of the digital transformation strategy of Germany-based insurer Allianz Group. Before joining Allianz last month, Borchers founded and headed Germany-based phone operator Deutsche Telekom‘s incubator, Hub:raum, which has offices in Berlin, Krakow and Tel Aviv. Prior to joining Hub:raum, Borchers co-founded… Continue reading Borchers leads Allianz X
Editorial: A patient investment idea worth keeping
While entrepreneurs are increasingly looking for investors that can bring more than just fungible capital, in particular those that can help them expand internationally, many venture investors are becoming more inward-looking at the local region level.
Invincea shows X factor in $10m round
Dell Ventures returned to back Invincea, developer of an anti-malware product called X by Invincea, having co-led its $16m series C round.