The implantable medical device developer has achieved the first close of a series C round featuring Legend Capital that has a target size of $30m.
Month: May 2017
Intel exits as Quotient eats Crisp
The transaction, worth up to $57.5m, will allow Intel Capital and the Singapore state-owned EDBI to exit adtech provider Crisp Media.
Corporate venturing deal net: 1-5 May 2017
Automotive marketplace builder Frontier Car Group has provided $5m of series A funding for Cars45, the Nigeria-based operator of an online marketplace for used vehicles, TechCrunch reported on Tuesday. Cars45, which includes a thorough vehicle evaluation as part of its service, will use the capital to further develop its platform. Singapore-based solar power producer Sunseap… Continue reading Corporate venturing deal net: 1-5 May 2017
Vendep gets Gerako in for VC fund
The utility software provider has contributed to the $33m first close of venture firm Vendep’s Vendep Capital Fund II, which has secured Tesi as a cornerstone investor.
Corporates visit Vivet for $41m series A
Novartis Venture Fund co-led the gene therapy developer’s series A round, which also included funding from Roche Venture Fund.
Insurance software provider One counts up more cash
American Family Ventures has led a $15.5m round that included AXA Strategic Ventures and MassMutual Ventures, taking One’s total funding to more than $52m.
Deutsche Telekom books a place in $17m Fornova round
Hotel industry data provider Fornova has closed a series B round led by Deutsche Telekom Capital Partners that will support sales, marketing and product development.
LensGen filters through $21m
Hoya Group’s corporate venturing unit has led a series A round for fluid-optic intraocular lens developer LensGen which could be increased to $26m.
Nav gets extra credit in $38m series B
The small business lending platform has boosted its Experian-backed series B round from $25m to $38m, with part of the new funding coming from CreditEase.
Ping An to put up $1bn for corporate venturing
The insurance firm, which has had a dedicated venture capital unit since 2012, will invest in healthcare and financial technology developers through the Ping An Global Voyager Fund.
Go-Jek picks up $1.2bn in Tencent-led round
The Rakuten-backed on-demand ride platform has raised cash at a $3bn post-money valuation as it seeks to bat away competition in its home market of Indonesia.
Xiaomi ventures to Hubei for $1.7bn fund
Xiaomi will put up a third of the capital for Xiaomi Yangtze Industry Fund, which will target hardware investments, with Hubei’s guidance fund and the province’s largest city the other LPs.
Vestas to wind up CVC efforts
The wind turbine manufacturer is keen on making minority investments in energy storage technology developers.
Xee tracks corporates for funding
Total and Bridgestone have contributed to a $13.2m funding round for car analytics technology developer and Mobivia spinout Xee.