CSquared, the company formed to extend Google’s Africa-based Project Link fibre optics work, will receive up to $100m from Google, Mitsui, IFC and Convergence Partners.
Month: May 2017
SoftBank gets Sharp commitment for Vision Fund
Sharp has agreed to invest up to $1bn in the fund, which has already secured fellow corporates Apple, Qualcomm and Foxconn as LPs on its way to a possible $100bn close.
SoftBank pays $1.4bn for 20% stake in One97
SoftBank now holds a 20% stake in Paytm owner One97 Communications, with $400m of its investment being used to buy shares from existing backers.
Fetchr takes delivery of $41m
Majid Al Futtaim, Nokia, Almajdouie and Kanoo are among the investors in a series B round for Fetchr, which enables shipping to locations that do not have an address.
LevelUp advances to $50m round
GV and Deutsche Telekom-backed mobile payment platform LevelUp has secured cash from JPMorgan Chase, US Boston Capital and CentroCredit Bank.
Cisco puts up money for $140m Notion
UK-based venture capital firm Notion Capital has achieved the final close of its £107m ($140m) third fund with the support of Cisco Investments, the strategic investment division of networking equipment manufacturer Cisco. The respective endowment funds of Emory and Texas A&M universities also provided capital, as did private equity firm Key Capital. The Notion Capital… Continue reading Cisco puts up money for $140m Notion
Porsche drives into US office and fund
Porsche Digital’s first US deal is a commitment to venture capital fund E.ventures, following the unit’s 2016 investment in parking space location app Evopark.
Sony secures Caulis deal
Sony Innovation Fund has provided an undisclosed amount for cybersecurity technology developer Caulis, representing the second domestic investment from the fund.
WinView scores $12m in series B round
Graham Holdings Company, Discovery Communications, and Monumental Sports and Entertainment all took part in a round that lifted WinView’s overall funding to $20m.
Kolada closes stint at OpenText
David Harris Kolada, vice-president of venture capital for OpenText since 2015, has left to form his own firm, DHK Ventures.
FogHorn attracts more corporates to series A
Dell Technologies Capital and Saudi Aramco Energy Ventures have added $3m to a round that already includes GE Ventures, Robert Bosch Venture Capital and Yokogawa Electric.
VMware makes Apteligent decision for acquisition deal
VMware has acquired one of its portfolio companies, app performance management platform Apteligent, in a deal that also gave exits to Alphabet, AOL and Accenture.
Osram plants funding in Agrilution
Osram invested in Agrilution through its newly formed corporate venture capital unit, Fluxunit, and Tengelmann Ventures is also an investor in the agritech startup.
Honeywell brings forth $100m corporate VC fund
Honeywell Venture Capital is expected to have an initial fund size of $100m and will make strategic investments on behalf of its industrial technology production parent.