A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: March 2017
Legend Star helps pull Ripcord to series A
Digital records technology startup Ripcord has launched having raised $9.5m in a series A round that included a corporate venturing subsidiary of Legend Holdings.
Ayondo aims to float at $158m valuation
Fintech developer Ayondo is set to list on the Singapore Exchange at a $158m valuation, giving ProSiebenSat.1 an exit.
JD Finance seeks $7.3bn valuation
The JD.com financial services spinout, which is backed by China Taiping Insurance, is in the process of raising a second funding round at a $7.3bn valuation.
Bornevia bites the dust
The Beenos-backed customer relationship management platform developer will shut down next month after failing to formalise a growth strategy.
Corporate venturing deal net: 20-24 March 2017
Electronics producers Samsung and Omron Healthcare, have supplied an undisclosed amount of funding for US-based respiratory disease management platform developer Cohero Health, the former through its Samsung Next unit, adding to a series A round that stood at $9m as of November 2016. A securities filing indicates Cohero had raised an additional $4.3m as of… Continue reading Corporate venturing deal net: 20-24 March 2017
SAP supplies $35m to strategic fund
Six years after it spun out SAP Ventures, the enterprise software producer has formed a corporate venturing arm called SAP.IO Fund together with an incubator scheme.
DataRobot restarts fundraising machinery to secure $54m
New Enterprise Associates has led the first tranche of a series C round for the machine learning platform, which is backed by Intel, Recruit and New York Life Insurance.
MapR reaches IPO starting point
The Alphabet and Qualcomm-backed data software producer has reportedly hired Goldman Sachs for an IPO expected to raise between $150m and $200m.
Kabbage seeks funding to feed acquisitions
The online business lending platform, which counts SoftBank, UPS and various banks as investors, is in talks to raise a nine-figure sum to support strategic acquisitions.
Amazon grabs a $650m bargain in Souk
Naspers and Jabbar Internet have exited Middle Eastern e-commerce company Souq, which raised money at a $1bn valuation just over a year ago.
Kuaishou screens $350m in new funding
The social photo and video app developer, which is preparing a flotation for later this year, has raised $350m in round led by new investor Tencent.
Walmart shops for startups
Walmart will open a Silicon Valley incubator to back startups working on technologies that will impact the retail sector, including virtual reality and drone delivery.
Carro bottles $12m for Genie
Singapore-based used vehicle marketplace Carro has collected $12m in a funding round that featured telecom firm Singapore Telecommuniations’ corporate venturing arm Singtel Innov8, Tech in Asia reported yesterday. Venturra Capital, the venture capital firm backed by conglomerate Lippo Group, and VC firm Golden Gate Ventures also supplied cash and were joined in the round by… Continue reading Carro bottles $12m for Genie