Munich Re/HSB Ventures has led a series D round that also included Suncorp, Sompo Holdings and insurance technology producer Guidewire.
Month: April 2017
Intelsat kicks in funding for partner Kymeta
Satellite communications technology developer Kymeta has raised $73.5m in funding in a round that included Intelsat, weeks after the companies sealed a strategic partnership.
ReNew Power targets $600m in IPO charge
The wind and solar power producer has raised more than $850m in total equity funding, including $200m from Tokyo Electric Power and Chubu Electric Power this year.
Big Deal: Sina exits Toutiao in $1bn round
The social media company has scored a huge exit from news app Toutiao, exiting as part of a series D round that valued it at $11bn, 22 times the valuation at which Sina invested in 2014.
News round up 10 April 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 3-7 April 2017
Stripe, the US-based payment technology provider that counts payment services providers Sumitomo Mitsui Card Company, Visa and American Express as backers, has received $5.1m in equity funding from two undisclosed investors according to a regulatory filing. Stripe has raised more than $300m since it was founded in 2011 and was valued at $5bn as of… Continue reading Corporate venturing deal net: 3-7 April 2017
Upgrade reaches new level with $60m
Financial services providers Noah Holdings and CreditEase have put their weight behind Upgrade, which is launching an online consumer credit platform.
Valens values corporates in $60m series D
The deal featured both new corporate backers, including Delphi, Samsung and MediaTek, as well as returning investors Mitsui and Pegatron.
Shield AI spies Bloomberg for series A
Shield AI, developer of an artificially intelligent military drone, has raised $10.5m in a round backed by Bloomberg Beta.
Sentien secrets away $12m
Existing investor Boehringer Ingelheim Venture Fund co-led the cell therapy developer’s series A round, which also featured MBL Venture Capital.
Square enters talks for Yik Yak acquisition
The Renren-backed social media platform, once valued at up to $400m, is in talks with Square for an acqui-hire deal.
Spotify scutinises public listing options
The corporate-backed music platform is reportedly mulling a public market listing that would not raise money but which would allow investors to divest their shares.
Souche sucks in CreditEase for $180m series D
CreditEase’s New Financial Industrial Fund was among the investors in a round that came less than six months after a $100m Ant Financial and UCar-backed series C.
Lyft picks up another $500m
The funding, provided by as-yet unnamed investors, boosted the GM, Alibaba, Rakuten and Didi Chuxing-backed company’s valuation to $7.5bn.