The financial services firm has approved four companies to join its regulatory sandbox, enabling the businesses to launch their financial services.
Month: June 2017
Pratik Bose joins Indian Angel Network
Pratik Bose (pictured), formerly director for VC and private equity investments, M&A and strategy at Cisco Corporate Development, has joined the Indian Angel Network (IAN), the Economic Times wrote on Friday. Bose will be IAN’s managing partner in charge of its maiden fund, an early-stage, sector-agnostic vehicle that recently celebrated a first close at Rs1.75bn… Continue reading Pratik Bose joins Indian Angel Network
PlaySight scores $11m investment
Verizon has injected capital into PlaySight, a sports technology company that will use the money to support a global expansion and to enter new sports verticals.
AI-Drive gears up for $14m series A
An unnamed Chinese e-commerce company, reportedly Alibaba or JD.com, has taken part in a series A round for autonomous driving technology developer AI-Drive.
Max spreads its wings with $22.5m
Max, a France-based developer of a virtual customer assistant, has collected €20m ($22.5m) from financial services firm Crédit Mutuel Arkéa as a founding investor, according to Les Echos. Max is a spinout of Crédit Mutuel Arkéa and will offer a personal assistant to consumers to advise them on financial products and related services such as… Continue reading Max spreads its wings with $22.5m
Corporates help deliver $50m to Shansong
Shansong Express, which closed a $50m series C round in February, has raised a $50m series C+ round co-led by Hualian, while Hearst Communications also participated.
Fosun to invest $100m in India
The conglomerate is targeting investments totalling $100m in India-based businesses by the end of the year.
Tagare to replace Madasamy at Qualcomm
Varsha Tagare to be promoted to head of Qualcomm Ventures India and its $50m fund.
Editorial: Venturing ramifications as China nears parity
In 2005, private enterprise made up 5% of the MSCI China stock index by weighted market capitalisation. Last year it was 48%.
News round up 05 June 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Corporate venturing deal net: 29 May – 2 June 2017
US-based data storage technology developer Noobaa has raised an undisclosed amount of funding from investors including content delivery network Akamai, equity crowdfunding platform OurCrowd and VC firm Jerusalem Venture Partners. The money will go towards the product launch of Noobaa’s enterprise offering and support continued expansion efforts in the US. Aviva Ventures, the corporate venturing… Continue reading Corporate venturing deal net: 29 May – 2 June 2017
Inthera incorporates $11m series A
Merck Ventures, which previously led a seed round in 2015, has returned to lead a series A round that featured fellow existing shareholder Novo Seeds.
RiskRecon scouts for $12m series A
US-based risk management platform RiskRecon closed a $12m series A round yesterday led by Dell Technologies Capital, the corporate venturing division of computer manufacturer Dell. F-Prime Capital, General Catalyst and angel investor Paul Sagan, former chief executive of content delivery network Akamai, also contributed to the funding round. Founded in 2015, RiskRecon has developed a… Continue reading RiskRecon scouts for $12m series A
TouchBistro taps Recruit for series C
Recruit has participated in a $12.1m series C round that featured a host of returning backers such as the Canadian state-backed BDC IT Venture Fund.