The fitness subscription service has now raised more than $150m altogether, securing series C funding from investors including returning backer GV.
Month: June 2017
Big Deal: Walmart’s buys Bonobos for $310m
Coppel and Nordstrom-backed Bonobos has become the latest online retailer to be bought as part of Walmart’s e-commerce growth strategy, in what could be a hugely-sized acqui-hire.
Editorial: Entrepreneurs lead impact revolution
Sir Ronald Cohen, one of the founders of the European venture capital and private equity industry back in the 1970s after his return from studying in the US, gave an excellent speech at the Economist’s impact investing conference last week. Sir Ronald, who stepped away from his private equity firm Apax Partners a decade ago… Continue reading Editorial: Entrepreneurs lead impact revolution
Scopely reaches next level with $60m
Revolution Growth led a series C round for the gaming network, which counts Take-Two Interactive and Chernin Group as investors, and which has now raised $159m in total.
InTurn positions series B round
Novel TMT Ventures returned for a $22.5m round that increased the excess inventory sales platform’s overall funding to $36m.
Corporate venturing deal net: 12-16 June 2017
Mineral exploration technology provider High Power Exploration (HPX) has invested an undisclosed amount in Pu Neng, a China-based flow battery technology developer formerly known as Prudent Energy. HPX’s investment, which increased Pu Neng’s total funding to more than $90m, will support the deployment of several large-scale projects related to microgrids and grid-scale solar and wind… Continue reading Corporate venturing deal net: 12-16 June 2017
News round up 19 June 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Figure 1 draws up $10m series B round
Samsung and John Hancock/Manulife Financial were among the new investors that took part in the medical image platform’s latest round.
Elefant packs a trunk for Sorenson
Ken Elefant has departed from Intel Capital after six years to lead the early-stage venture capital practice at Sorenson Capital Partners as managing director.
Palo Alto Networks puts together $20m fund
The cybersecurity software producer is seeking companies developing cloud-based apps that could be built on its platform, and will collaborate with Greylock and Sequoia Capital.
Snappcar races to new funding
Europcar and existing investor AutoBinck have contributed to an $11.2m round for European peer-to-peer car sharing platform Snappcar.
Twist finds the material to raise $60m
Synethetic DNA producer Twist Bioscience has raised $27m to close its latest round, which includes Kangmei Group, at $60m, taking its total funding to $191m.
Omada goes on the attack with $50m
The healthy behaviour management platform’s latest round was led by Cigna and included Humana, Sanofi, GE, Kaiser Permanente and Providence Health & Services.
Element AI elevates itself to $102m series A
The artificial intelligence startup has raised cash in a round that included Tencent, Hanwha Investment, Intel Capital, Microsoft Ventures and Nvidia GPU Ventures.