IAC-backed online dating platform Zhenai is in talks to go public through a reverse merger with Shenzhen-listed aircraft parts maker DEA General Aviation.
Month: February 2017
Fund in the News: Reinventure
Armed with A$100m of capital from its sole limited partner, financial services firm Westpac, Australia-based Reinventure is pioneering its own model of fintech corporate venturing.
Caterpillar makes MineSense for $14.5m round
Mining data technology provider MineSense has completed a funding round that included a strategic investment from Caterpillar Ventures.
Groupon reveals the price of Living Social acquisition
US-based daily deals platform Groupon has revealed that it paid nothing for corporate-backed competitor Living Social when it acquired the company in October 2016. Living Social had raised more than $900m in funding altogether, including $176m in a December 2011 round featuring e-commerce group Amazon that reportedly valued it at $6bn, and a $110m round… Continue reading Groupon reveals the price of Living Social acquisition
QD Solar absorbs series A funding
DSM Venturing was among the participants in a $7.6m round for QD Solar, which is developing solar cells that could increase power generation by up to 20%.
AutoGravity pulls in Daimler for strategic investment
The carmaker, an early partner of AutoGravity, has invested an eight-figure sum as the vehicle and finance marketplace rolls out its service across the US.
MuleSoft hardens IPO plans
Cisco, Salesforce and ServiceNow are set to record exits as the software integration platform developer files for a $100m initial public offering.
SoFi to summon up $500m
The online lending platform is reportedly close to closing $500m in a round backed by existing investor SoftBank that will value it at about $4.3bn.
TetraVue takes $10m in series A funding
The 3D imaging technology developer will use the capital from a Robert Bosch-led round to market its products to autonomous car developers.
Nachtigal leaves BASF after 15 years
BASF hired Markus Solibieda, formerly a partner at private equity firm Mandarin Capital Partners, as managing director at BASF Venture Capital in November, initially to work alongside Nachtigal.
News round up 20 February 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
OpenFin trades series B shares for $15m
NEX Group and JP Morgan have made strategic investments in OpenFin, a financial services software producer that has now raised $22m in total.
Soundtrack Your Brand queues up $22m
Soundtrack Your Brand, a Sweden-based business-to-business music streaming platform, raised $22m on Friday from a consortium that featured telecommunications firm TeliaSonera. The round was co-led by Industrifonden, the investment arm of Sweden’s government, and venture capital firm Balderton Capital. It included HMP, the family office of clothing retailer H&M’s owners, the Persson family, as well… Continue reading Soundtrack Your Brand queues up $22m
Big Deal analysis: Softbank ventures deeper on its tech vision
Softbank could be seen as building a capability to understand and see full public and private dealflow and have the financial tools to utilise insights gathered from trends identified in its operational businesses, such as the customers of its Sprint or Arm businesses.