US-headquartered cloud computing software provider Oracle has expanded its Startup Cloud Accelerator initiative and will open a series of new branches internationally. Oracle launched the Accelerator program in Bangalore, India, in April 2016. The six-month scheme provides technical and business mentoring as well as technology, a co-working space and access to the corporate’s investors, partners… Continue reading Oracle to extend accelerator to seven new cities
Month: January 2017
WorkFusion processes $35m series D
The intelligent automation technology provider has closed a Nokia Growth Partners-backed round that increased its total funding to $71m.
Pangaea Ventures collects corporates for Fund IV
CoorsTek, JSR, Mitsubishi Chemical, Sekisui Chemical, Henkel and Lam Research have contributed as Pangaea’s latest fund reaches about halfway towards its $80m target.
Jounce bounces to $102m IPO
Celgene and Pharmstandard scored exits as part of an initial public offering in which immuno-oncology company Jounce floated above its range.
ARM reaches investors for $800m fund
SoftBank’s semiconductor technology subsidiary will co-manage the Hou An Innovation Fund and has recruited several state-owned funds as limited partners.
Global Government Venturing Leadership Society launched
The leadership society will serve as a vehicle to connect corporate venturing units to contacts within the governments of countries in which CVCs wish to invest, and will also act as a local contact point for nascent corporate venturing networks.
The curious case of the corporate capital correlation
Corporate venture capital efforts may boost public stock share prices, by Scott Lenet and Eric Budin, Touchdown
News round up 30 January 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 23-27 January 2017
Contract electronics manufacturer Foxconn invested an undisclosed amount in China-based bicycle rental platform Mobike on Monday as part of a strategic partnership that will allow Mobike to increase production of its smart bikes by about 5.6 million each year. Mobike had previously disclosed more than $325m of funding from investors including internet group Tencent, online… Continue reading Corporate venturing deal net: 23-27 January 2017
SoftBank-Indosat Fund picks Berrybenka
Berrybenka has raised an eight-figure dollar sum from investors including the $50m venture capital vehicle formed by SoftBank and Indosat.
Ozy gets in the zone with $10m
Axel Springer has taken part in the latest round for digital reportage and long-form media platform Ozy Media, after investing $20m in 2014.
GCVI Summit: Opportunities in fintech and insuretech
Russ MacTough hosted a breakout discussion on fintech and insurance technology.
First Performance shows off $17.5m
Mastercard led a round for the payment card management platform that included fellow strategic partners Regions Financial, Synchrony Financial and RRE Ventures.
GCVI Summit: Day 2 review
“Nobody died” – it was perhaps an odd lesson to start the day with, but Jeffrey Hazlett, author of Think Big, Act Bigger! woke up the room with a tale of innovation in the printer ink cartridges space that proved insightful in more ways than one. Ink, Hazlett noted, is the single most expensive liquid… Continue reading GCVI Summit: Day 2 review