Innogy is among a group of investors that has provided $10m in series B capital.
Month: May 2017
Imzy closes up shop
Imzy, the US-based online forum backed by the corporate venturing arm of digital media company O’Reilly Media, will wind up its offering on 23 June, according to TechCrunch. Imzy secured $3m of seed funding in May 2016 from O’Reilly AlphaTech Ventures, the company’s investment subsidiary, and venture capital firm CRV. In October 2016, the business… Continue reading Imzy closes up shop
Corporates Engage with $15m fund
A total of 10 companies have put capital into a $15m fund managed by Tech Square Ventures.
HTGF III celebrates $275m first close
German public-private partnership High-Tech Gründerfonds (HTGF) achieved the first close of its third fund at €245m ($275m) on Tuesday with the support of the Federal Ministry for Economic Affairs and Energy. Development bank KfW also contributed to the vehicle, as did research organisation Fraunhofer-Gesellschaft and 25 corporations. The companies include chemicals companies Evonik, Lanxess, Altana,… Continue reading HTGF III celebrates $275m first close
Swiggy swallows $80m
Naspers has led the Swiggy’s series E round, which reports suggest took the online food delivery platform’s overall funding to $150m.
Lilly helps InventisBio make up $19m series B
China-based biotechnology developer InventisBio secured $19m in a series B round yesterday that featured Lilly Asia Ventures, the regional corporate venturing fund of pharmaceutical firm Eli Lilly. The round was led by OrbiMed Asia, the management arm of three Asia-focused fund for investment firm OrbiMed Advisors. InventisBio is working on therapies for cancers and gout.… Continue reading Lilly helps InventisBio make up $19m series B
Corporates help CounterTack deal with series D
Singtel and SAP National Security Services have co-led a $20m series D round for CounterTack, already backed by investors such as Siemens, ManTech, Mitsui and Alcatel-Lucent.
Wave reaches $24m round
National Australia Bank, Royal Bank of Canada and Power Corporation have taken part in a $24m late-stage funding round for the personal accounting service.
Saluda hails $40m investment
GlaxoSmithKline and Medtronic have provided capital to Saluda Medical, a medical device maker working on a spinal cord stimulator system.
Zongheng remains in Perfect World for funding
Baidu-backed Zongheng Literature has received more cash from Perfect World in a funding round that reportedly brought in $116m.
Yuanfudao grades $120m investment
Tencent, an existing shareholder in edtech provider Yuanfudao, has returned for a $120m funding round led by Warburg Pincus.
Google engineers AI-focused fund
The internet company has reportedly launched a new venture capital initiative focused on artificial intelligence, led by vice-president of engineering Anna Patterson.
VNG to float on Nasdaq
The online gaming developer, backed by CyberAgent, has signed a preliminary agreement to float on the US stock exchange.
PolicyGenius follows series C protocol
Axa, MassMutual and Transamerica have all returned to back a $30m funding round for PolicyGenius, having previously contributed to a $15m series B.