The Qualcomm-backed GPS technology producer has raised funding in a round led by existing backer New Enterprise Associates that included Eclipse and First Round Capital.
Month: June 2017
InvestCloud launches UK innovation initiative
InvestCloud Innovation Center London will operate as an incubator and accelerator for startups looking to develop financial technology on InvestCloud’s platform.
Corporate venturing deal net: 26-30 June 2017
Internet Capital Advisors, the India-based operator of machine learning-equipped online lending platform Stashfin, has received $5m in pre-series A funding from Snow Leopard Ventures, the corporate venturing subsidiary of conglomerate Kirloskar Group, as well as Alto Partners, GrowX Ventures and assorted angel investors, VCCircle reported on Wednesday. Stashfin was launched in September 2016 and operates… Continue reading Corporate venturing deal net: 26-30 June 2017
Mitoconix brainstorms $20m series A
Mitoconix, which is developing neurodegenerative treatments, was founded by the Johnson & Johnson and Takeda-backed FutuRx incubator.
Your.MD makes $10m appointment
Orkla Ventures was among the investors as medical information portal Your.MD closed a round that will support the deployment of its OneStop Health platform.
Jask jumps from stealth with $12m
The cyber threat analysis software developer has revealed $12m in series A funding, with the round being co-led by Dell Technologies Capital.
Vivace discloses $40m in series A and B funding
Oncology drug developer Vivace Therapeutics revealed a $15m series A round and a $25m series B, both backed by WuXi Healthcare Ventures, as it emerged from stealth.
Clique Media admits investors to raise $15m
Existing investors Amazon and Bertelsmann Digital Media Investments returned for a round that took Clique Media Group’s total funding to $28m.
Highcon cuts to $20m in funding
Existing backer Landa Ventures participated in the round, which will support product development and global growth for the post-printing technology provider.
Kinetica animates $50m series A
US-based database technology provider Kinetica closed a $50m series A round yesterday that included Citi Ventures, the corporate venturing subsidiary of financial services firm Citigroup. The round was co-led by venture capital firms Canvas Ventures and Meritech Capital Partners, while Ray Lane, the managing partner of VC firm GreatPoint Ventures, also participated, as an angel investor.… Continue reading Kinetica animates $50m series A
Movile evolves with $53m
Brazil-based mobile commerce platform Movile revealed $53m in funding yesterday from media and e-commerce and media group Naspers and investment fund Innova Capital. The funding was secured across two rounds, with an initial $23m invested “in the past few months,” and the remaining $30m provided more recently in a tranche led by Naspers, though additional… Continue reading Movile evolves with $53m
ZhongAn sets up $1.5bn Hong Kong IPO
Ping An, Tencent and the Alibaba-affiliated Ant Financial jointly own 40% of the online insurance platform, and are set to exit in an offering that could take place this year.
News round up 3 July 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Orig3n forms $20m funding round
The genetic disease treatment developer boosted its overall funding to more than $35m, with LabCorp and corporate venturing unit Spectrum Health Ventures investing.