The round was co-led by Evolution Media China, a unit of corporate-backed Evolution Media Partners that focuses on investments across Asia.
Month: March 2017
Existing investors hand new funding to Helpling
Asia Pacific Internet Group led the domestic services platform’s latest round, in which it raised $10.8m, reportedly at a lower valuation than its $47m series B.
AliveCor beats its way to $30m series D
The Qualcomm-backed mobile electrocardiogram developer has raised new funding in a round co-led by strategic investors Omron Healthcare and Mayo Clinic.
PVH’s aim is True&Co as it closes acquisition
SoftBank has exited online lingerie retailer True&Co through an acquisition by apparel group PVH, five years after it invested as part of a $2m round.
Ribo rings up $39m
Suzhou Ribo Life Science, which is developing RNA therapies for hepatitis B, hyperlipidaemia and liver cancer, has secured funding in a Legend Capital-backed series B round.
Simplesurance secures corporates for new funding
Rakuten and existing investor Allianz have contributed to a round of undisclosed size that lifted the e-commerce insurance company’s total funding to more than $32m.
Big Deal: MuleSoft musters $221m in IPO
The software integration specialist floated above its range on Friday in an offering that could be the first of some hefty returns for Salesforce Ventures’ stable of unicorns in 2017.
eGenesis proceeds to $38m series A
Heritage Provider Network is among a consortium of investors that provided $38m in series A capital to genome editing technology developer eGenesis.
ZMT Zhongmeng zips to series B round
The round was co-led by corporate venturing units Fosun Kinzon Capital and IDG Capital, with the mobile marketing company raising an eight-figure dollar amount.
News round up 20 March 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 13-17 March 2017
MassMutual Ventures and Nationwide Ventures, the respective corporate venturing subsidiaries of insurance firms Massachusetts Mutual Life Insurance and Nationwide Mutual Insurance Company, took part in a $4.6m round for virtual car insurance startup Insurify yesterday that included undisclosed existing investors. Insurify had previously received $2m in seed funding from Rationalwave Capital Partners in January 2016.… Continue reading Corporate venturing deal net: 13-17 March 2017
Redshift receives $11m in series C round
Waters Corporation has co-led a round that took bioanalytical technology producer Redshift Bioanalytics’ total funding to $35m since 2005.
Coca-Cola helps deliver $10m to Bringg
Enterprise logistics software provider Bringg has raised $10m in a round that will support an expansion in sales and marketing and R&D.
Cemex cements corporate venturing plans
The construction materials producer has formed an open innovation and venture investment unit and will launch a startup competition later this month.