Rakuten and Mitsui Sumitomo Insurance have invested in Folio, which is developing a robo-advisor investment platform, bringing its overall funding to almost $19m.
Month: February 2017
Disruptor Beam hits the mark to raise $8.5m
The Alphabet-backed game developer has raised series B financing in advance of the release of its latest mobile game, which is based on The Walking Dead.
Big Deal: SoundHound tracks down corporate investors
A range of corporates invested in the $75m round closed by SoundHound last week, as the company looks to fully establish and grow its conversational AI network.
Tarveda conjugates investors for $30m series D
Novo has reinvested in the cancer drug developer as part of a Versant Ventures-led round that increased its overall funding to approximately $108m since 2011.
Scania hauls itself into strategic investing
Commercial vehicle producer Scania will back startups developing sustainable transport technologies through a dedicated fund called Scania Growth Capital.
Grab takes $100m to Indonesia
Ride ordering platform Grab intends to provide $100m for Indonesia-based mobile and financial technology startups as part of a $700m investment drive in the country.
LVMH fashions $54m corporate venturing subsidiary
LVMH Luxury Ventures will invest up to $5.4m a time in luxury fashion, cosmetics and accessories startups.
Legend Capital caches $243m for Fund VII
The Legend Holdings-backed firm has raised $243m of a targeted $375m for its latest fund, a US securities filing has indicated.
News round up 6 February 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Yomoni returns for $5.4m series A
France-based robo-investor developer Yomoni has raised €5m ($5.4m) from mutual credit association Crédit Mutuel Arkéa and Iéna Venture, the investment unit of asset management company La Financière de l’Echiquier, according to Journal du Net. Yomoni’s management team also participated in the round in order to maintain their stake and remain involved in decisions about the startup’s… Continue reading Yomoni returns for $5.4m series A
MapAnything pinpoints corporates for series B
Salesforce has returned for a $33.1m funding round, having previously backed MapAnything’s $7.3m series A, and was joined by new investor ServiceNow.
Utilities charge up Free Electrons
AusNet Services, Origin Energy, Tokyo Electric Power, ESB, EDP, Innogy, Dubai Electricity and Water Authority and Singapore Power have partnered for the accelerator.
Corporate venturing deal net: 30 January-3 February 2017
Caterpillar Ventures, the strategic investment subsidiary of construction machinery producer Caterpillar, supplied an undisclosed amount of funding for US-based aerial drone services provider Airware yesterday. Airware has now raised a total of $90m from investors also including corporate venturing units GE Ventures, GV and Intel Capital, as well as Andreessen Horowitz, First Round Capital, Kleiner… Continue reading Corporate venturing deal net: 30 January-3 February 2017
Henkel sticks to open innovation
Henkel has disclosed its has invested $10.4m into two venture capital funds in addition to making direct investments in two technology producers.