The Chinese government has raised $4.35bn for the first close of its China Internet Investment Fund, sourcing capital from a range of state-run firms.
Month: January 2017
Iron Pillar to support Fosun in VC partnership
Chinese conglomerate Fosun is set to make a splash in India through an investment partnership with local venture capital fund Iron Pillar.
Mishcon de Reya to experiment with MDR Lab
The law firm has formed an accelerator called MDR Lab in partnership with early-stage investment firm L Marks for startups in the legal space.
Singapore Press Holdings halts accelerator
The media company has closed SPH Plug and Play, its accelerator joint venture, and will instead focus on direct investments through its SPH Media Fund.
Alstom shuttles $15m to EasyMile
EasyMile, the developer of a driverless shuttle vehicle, has received $15m from Alstom and will put the capital towards global growth and research and development.
WuXi AppTec clears HD acquisition
HD Biosciences, a contract drug research services provider backed by Pfizer and Eli Lilly, has been acquired by WuXi AppTec for an undisclosed sum.
Ovid takes funding from Takeda
Takeda has made an equity investment in new strategic partner Ovid Therapeutics as part of a round sized at $25.9m, according to a securities filing.
Whistle Sports blows series C up to $27.5m
The sports media platform has expanded its series C round, which already included Tengelmann, as well as media companies Tegna, Sky and NBC Universal.
GCVI Summit: Proseeder integrates Pitchbook
Proseeder, a business collaboration and workflow tools provider, and deals database operator Pitchbook today announced the launch of an integrated product that combines the respective offering from the two companies. Users will be able to access detailed company information from Pitchbook directly in Proseeder’s deal flow management system, as well as gain the ability to… Continue reading GCVI Summit: Proseeder integrates Pitchbook
Mabworks engineers $39m series B
Industrial park Beijing E-Town Biomedical Park has invested in Mabworks Biotech, which is working on antibody drugs for cancer and Ebola.
Vestiaire Collective brings in $62m
Vestiaire Collective, a France-based online used fashion marketplace backed by media group Condé Nast, received €58m ($62m) yesterday in a round led by private equity firm Vitruvian Partners. Investment firm Eurazeo and private equity firm Idinvest Partners also took part in the round, which increased Vestaire’s overall funding to more than €116m since it was… Continue reading Vestiaire Collective brings in $62m
Koubei counts up $1.1bn
Alibaba and Ant Financial’s local services venture has raised funding at a reported $8bn valuation, from investors including Silver Lake, CDH Investments, iPrimavera Capital and Yunfeng Capital.
World of Corporate Venturing 2017 Infographic
An overview from our World of Corporate Venturing 2017 report
Lifetime achievement award 2017: Claudia Fan Munce
Lifetime achievement award 2017 presented at the Global Corporate Venturing & Innovation Summit