The number of corporate-backed deals in March soared to 212 funding rounds, up from 159 at the same time last year. Investment value rose compared with last year’s levels, by 55%, to over $7.73bn from $4.98bn. Two companies raised funding rounds above the $1bn mark. Both the deal count and total capital invested in corporate-backed rounds… Continue reading Deal numbers surge in March
Month: April 2017
Customer choices – the key to innovation
Why do customers choose to buy one product or service rather than another? Clayton Christensen, the Harvard Business School professor who coined the phrase “disruptive innovation”, believes companies fail because they have neglected this critical question. In his new book – Competing Against Luck – Christensen argues that in order to innovate effectively, companies must… Continue reading Customer choices – the key to innovation
Mama+ births series C round
Steamboat Ventures, a venture capital branch of entertainment and media conglomerate Walt Disney, made its second investment in the parenting e-commerce platform.
Intermountain increases Redox series B to $10m
Healthcare software integrator Redox has added $1m from Intermountain Healthcare to a series B round that has now closed at $10m.
OM1 amplifies funding with $15m
Corporate venturing unit Wanxiang Healthcare Investments has taken part in a series A round for OM1, developer of a value-focused healthcare data analytics platform.
Otonomo opts for Delphi to lead $25m series B
Delphi Automotive has struck a commercial partnership with car data exchange platform Otonomo in addition to leading its latest funding round.
Tink Labs targets $40m at $1bn valuation
The Foxconn and TCL-backed smartphone rental service is in talks to raise new funding at double the valuation at which it closed its last round in September.
Flipkart confirms $1.4bn of CVC investment
Tencent, Microsoft and eBay provided the funding, which was formally announced alongside the acquisition of eBay’s India business.
Crunchbase processes $18m in new funds
Crunchbase, a VC database spinout of AOL, has added $18m to its coffers in a series B round led by Mayfield as it launches a new premium offering.
Laidian plugs into $20m series A
Susquehanna International Group has co-led a $20m series A round for Laidian that will be used to expand its network of mobile device chargers.
Tennet gets Set for LP position
Energy transmission operator Tennet has joined a list of limited partners for Set Ventures’ second fund that already includes Shell, Essent and PZEM.
Shell hikes startup participation in India
The petroleum producer is establishing an accelerator scheme for cleantech, mobility and energy efficiency startups in India.
Boeing looks to HorizonX to fund innovation
The aerospace company will make strategic investments from its newly formed Boeing HorizonX unit and has already backed Upskill and Zunum Aero.
Syscloud connects to Comix Stationery for series A
Office supplies provider Comix Stationery was among the investors in a $21.7m round for the cloud exchange services provider