Compared with January 2016 figures, which were particularly robust, deal count and investment amounts fell last month, but both data points were higher than the numbers recorded in December 2016. The number of CVC-backed deals slipped compared with last year’s figures, at 180 rounds versus 192 in the first month of last year. Investment value… Continue reading January deal count dips
Month: February 2017
Platform to paradise: the new world of corporate venturing
Editorial from James Mawson, editor-in-chief
HealthReveal divulges series A funding
HealthReveal, the developer of an analytics platform that monitors the conditions of chronic disease sufferers, has secured $10.8m in a round led by GE Ventures.
SuperX gets $11m of J&J-backed support
Johnson & Johnson has invested in SuperX, the antibody developer founded by the executive team of XO1, which was acquired by subsidiary Janssen Pharmaceuticals in 2015.
Corporate venturing deal net: 6-10 February 2017
Stem Disintermedia, a US-based music distribution startup backed by mass media provider AOL’s BBG Ventures unit, has raised $4.5m from investors including venture capital firm Upfront Ventures and music manager Scooter Braun, the New York Times has reported. Stem had previously collected seed funding from entrepreneur Mark Cuban and $4.5m in a seed round backed… Continue reading Corporate venturing deal net: 6-10 February 2017
InAuth boards American Express in acquisition deal
American Express has bought mobile device authentication company InAuth for an undisclosed amount, giving an exit to its corporate venturing unit.
Demisto unveils $20m series B
Slack Fund was among the investors in the cybersecurity technology startup’s latest round, which will support product development, sales and marketing.
GV makes Evident investment in $22m round
Cloud security services provider Evident.io has secured $22m in a series C round led by Alphabet subsidiary GV, bringing its total funding to $49m.
SAIC appraises Che300 worthy in $29m series C
Automotive manufacturer SAIC Motor led the round, reportedly investing in the used car appraisal and sales service platform together with unnamed automotive industry funds.
Mobikwik to make the step to unicorn status
The mobile wallet developer, which is backed by Cisco, American Express, GMO and Mediatek, is in talks to raise funding at a valuation of about $1bn.
Abbisko counts on Eli Lilly for $28m series A
China-based cancer drug developer Abbisko Therapeutics has secured $28m in a series A round featuring Lilly Asia Ventures, a subsidiary of pharmaceutical company Eli Lilly, FierceBiotech reported on Wednesday. Sinopharm Capital, the medical and healthcare-focused private equity arm of pharmaceuticals distributor Sinopharm, also took part in the round along with investment firms Jianxin Capital and… Continue reading Abbisko counts on Eli Lilly for $28m series A
Voonik stays on trend with $6m
The fashion app developer, backed by Times Internet and Beenos, has raised $6m in funding from RB Investments and Sequoia Capital.
Corporates help cover CXA’s $25m series B
Singapore-based insurance technology producer CXA Group has raised $25m in a series B round featuring diversified conglomerate Philips and RGAx, the accelerator subsidiary of reinsurer Reinsurance Group of America, E27 reported on Wednesday. The round was co-led by EDBI, the investment arm of the Singaporean government’s economic development board, and venture capital firm B Capital… Continue reading Corporates help cover CXA’s $25m series B
Wooplr wins $8m in Sistema-led round
Fashion discovery app developer Woolpr Technologies has raised $8m in a series B round that reportedly included $3m from conglomerate Sistema’s Asia Fund.