A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: April 2017
SEI to run the rule over startups
Financial services provider SEI has launched a regulation technology incubator dubbed Codify at its UK headquarters in London, welcoming an initial three participants to the program. The participating companies are blockchain technology developer Coinfirm, risk profiling technology producer Neuroprofiler and Enforcd, a provider of regulatory enforcement data, news and insights. The scheme will last for a… Continue reading SEI to run the rule over startups
Zaluvida hits Targedys to extend series A round
Zaluvida has boosted the series A round raised by Targedys, which is working on products to regulate the appetite, to a total of $11.1m over the past year.
Wells Fargo expands Innovation Incubator to $30m
The bank’s cleantech incubator, formed with the US Department of Energy three years ago, will also expand its interest to transport, sustainable agriculture and the microgrid.
Synack syncs with corporates in series C round
Microsoft Ventures led the cybersecurity company’s $21.3m round, which included Singtel Innov8, Hewlett Packard Enterprise and existing backer GV.
Frequency picks up investors for $32m series A
Frequency Therapeutics, which is working on a progenitor cell-related treatment for hearing loss, has closed a round featuring Alexandria Real Estate Equities.
Peloton catches corporates to raise $60m
Intel, BP, Nokia, UPS, Denso, Schlumberger, Volvo, Mitsui, Lockheed Martin, Okaya and Breakthrough Fuel all participated in Peloton Technology’s series B round.
Actility advances to $75m series D
The internet-of-things technology developer has pulled in funding from backers including Robert Bosch, Foxconn, Inmarsat, Swisscom, KPN and Orange.
Ovid to go over to public markets
Sanofi and Takeda-backed Ovid Therapeutics has filed to raise $86.3m in an initial public offering and plans to use the proceeds to advance its neurological disease treatments.
Tegile caches $33m
US-based flash storage producer Tegile Systems closed a $33m series E round on Tuesday led by hard drive manufacturer Western Digital. Investment manager Capricorn Investment and venture capital firms Meritech Capital Partners and Cross Creek Capital also supplied capital for the round. Founded in 2010, Tegile Systems has developed a flash-based storage platform built on… Continue reading Tegile caches $33m
ALung draws in Philips for $36m series C
Philips and UPMC have co-led a funding round for ALung Technologies, a Pittsburgh University spinout working on treatments for acute respiratory failure.
Exactuals reaches for the stars in series B
The Stanford University spinout has attracted $10.6m in an Entertainment Partners-backed series B round, a week after closing $10m in series A funding.
Neural Analytics scans $10m
Venture firm Reimagined Ventures has led a round for the TigerMed-backed brain diagnostics device developer that took its total funding to $27m since 2013.
Mitsui moves into Renoveru’s shareholders
The conglomerate has provided $11.8m for the real estate services platform and will work on a smart home offering in collaboration with the company.