Investments in driverless cars and virtual reality pointed the way to the future while machine learning folded into AI and the insurtech sector came of age.
Month: December 2016
Q Capital greets Yello O2O with funding
Yello Mobile spinout Yello O2O has received $20.7m from Q Capital Partners that will go to fortifying its healthcare and accommodation offerings.
Deustche Telekom tracks Nomad Digital exit
Alstom has agreed to buy connected railway technology provider Nomad Digital, providing an exit to corporate venturing unit Deutsche Telekom Strategic Investments.
Mayo Clinic reorganises CVC activities
The medical researcher is combining its Mayo Clinic Ventures unit with its Office of Business Development, through the newly formed Department of Business Development.
GM and 500 Startups form seed initiative
Batch 21 is looking for mobility services, machine learning, VR, robotics and additive manufacturing startups for the scheme, which is scheduled to start in April.
JLR’s InMotion takes a Peck
Jaguar Land Rover’s InMotion unit has hired Sebastian Peck from medical treatment platform Health Bridge as its managing director.
ODX Ventures funds eight open data startups
Eight open data-focused startups will each receive $37,000 from the initiative, the partners of which include OpenText and D2L.
LaunchDarkly switches on $8.7m series A
Bloomberg Beta returned for the software testing tool developer’s latest round, after taking part in its $2.6m seed round last year.
Lefit warms up with $14m
IDG Capital Partners was among the investors in the first round disclosed by fitness membership startup Lefit, which was co-led by Toutoushidao Capital and Huasheng Capital.
IFC gives Byju’s a $15m lesson
The Times Group-backed education app developer has now raised about $175m, having secured $15m from International Finance Corporation.
Rent the Runway fashions $60m series E
The fashion rental service took its overall funding to roughly $190m with a Fidelity-led round that included existing backer Advance Publications.
HNA fuels China’s US expansion
Most interest internationally has been sparked by HNA’s indirect corporate venturing strategy.
Corporate Venture Capital in 2016: The Trends, Part One
2016 saw some big changes at the top of some of the biggest CVC units; some corporates raised huge funds and others got into the game, though the IPO market slowed to a crawl.
Yatra executes reverse merger
Yatra, backed by Intel, IDG Ventures India, Reliance Capital and Network18, has listed in the US through a merger with SPV Terrapin 3 Acquisition Corporation.