A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: April 2017
Yuedongquan trains for $14m series C
Nokia Growth Partners has led a series C round for fitness app developer Yuedongquan which also featured a contribution from Xiaomi.
Corporate venturing deal net: 24-28 April 2017
Mech Mocha Game Studios, an India-based mobile game developer backed by e-commerce firm Flipkart, has secured $5m in a series A round co-led by venture capital firms Accel Partners and Shunwei Capital that also featured fellow VC firm Blume Ventures, Tech Portal reported yesterday. Flipkart and Blume had provided $1m in seed capital for Mech… Continue reading Corporate venturing deal net: 24-28 April 2017
HP enters Venture Reality
Venture Reality Fund, has added HP Tech Ventures to a stable of corporate backers that includes PMBC, Youzu Interactive, Colopl, YJM, Gumi and Sinclair Broadcast Group.
Domino falls for Bloomberg and raises $27m
Bloomberg Beta has reinvested in data science platform developer Domino, five months after contributing to a $10.5m round for the company.
Arsanis arms itself with series D funding
GV and Alexandria Venture Investments have contributed to a $45.5m series D round for infectious disease therapy developer Arsanis, which has now raised $95m in total.
Naspers adds Tschopp to its CVC team
Martin Tschopp, formerly CEO of online lending platform Kiva, has joined Naspers Ventures as chief operating officer.
Singapore Life gets $50m of series A insurance
The stealth-mode life insurance startup has received series A funding from investors including Credit China Fintech Holdings’ Impact Capital Holdings subsidiary.
SiriusXM goes Automatic in $100m acquisition
The online radio group has bought in-car connected technology developer Automatic Labs, giving exits to Comcast, CDK Global and USAA among others.
URWork finds New Space for merger deal
URWork, the working space provider backed by several real estate developers, has merged with incubation-focused counterpart New Space to form a $1.3bn company.
Robinhood plunders $110m in series C round
A mixture of investment and VC firms have provided series C funding for the Alphabet-backed online brokerage at a $1.3bn valuation.
Sense360 circles round to $7m series A
Customer data provider Sense360 has added $7m to almost $2.8m in seed capital raised two years ago, with Qualcomm Ventures contributing to both rounds.
Aqiunnah accepts $10m from Pfizer and AbbVie
The pharmaceutical firms have added funding that will help advance Takeda-backed Aquinnah Pharmaceuticals’ neurodegenerative disease drugs.
Kidfresh eats up $10m
Tengelmann vehicle Emil Capital Partners has contributed to the frozen meal provider’s series B round, four years after leading its series A.