India-based electronics security technology producer OneAssist Consumer Solutions has raised $18m in series C funding from investors including insurance provider Assurant, the Economic Times has reported. The round was led by Sequoia Capital and also featured fellow venture capital firm Lightspeed Venture Partners as well as Moonstone Investments. OneAssist was valued at Rs 3.54bn ($55m)… Continue reading OneAssist serves up $18m series C
Month: June 2017
Naspers reveals $71m Flipkart investment
The media and e-commerce group invested an additional $71m in Flipkart in April 2017 as part of a $1.4bn funding round also backed by Tencent, eBay and Microsoft.
Nuvolo gets $10m in new funding
The business asset management platform developer has raised $10m in a series A round led by GE Ventures that included fellow corporate venturing unit ServiceNow Ventures.
Fintonic doses up with series B round
ING Group and PSN have provided $28.2m of series B funding for personal finance management app developer Fintonic, which will use it to expand in Spain and Latin America.
Trend Micro secures $100m for CVC fund
The connected cybersecurity software provider has put an initial $100m into a corporate venturing unit that will target growth sectors such as the internet of things.
Alibaba to exit in Best IPO
Alibaba is the largest shareholder of logistics and supply chain services provider Best, which has filed for a $750m initial public offering, after raising more than $910m in VC funding.
Microsoft arrives at Station F
Microsoft is the latest corporate to join France-based incubator Station F, where it will focus on artificial intelligence technology.
Big Deal: Houzz welcomes $400m
The Comcast-backed company, which links a visual social media platform with goods and services, is valued at $4bn and is potentially pointing a new way forward for mobile commerce.
Ottonova ensures $11m investment
Debeka invested $11m into Ottonova, an insurance technology startup that has now raised a total of $44m in capital from backers also including Tengelmann and Vorwerk.
Satellogic convinces Tencent in $27m series B
Tencent has led a series B round for satellite imaging provider Satellogic, having previously supported its 2015 series A.
Google catches Algorithmia for series A round
Google’s newly formed AI fund has made its first public investment, leading a $10.5m round for app algorithm marketplace Algorithmia that included Rakuten.
AutoTalks bumps series D round up to $40m
The vehicle communication technology developer has added $10m from investors including the Toyota-backed Mirai Creation Investment Fund to the $30m it raised in March.
König steps up at Novartis
Anja König has been promoted to global head of Novartis Venture Fund (NVF), the corporate venturing unit of Switzerland-based pharmaceutical company Novartis, following the retirement of Reinhard Ambros. Ambros had spent the 12 years as global head of NVF and was part of 2017’s GCV Powerlist. König had, as managing director of NVF, been named as… Continue reading König steps up at Novartis
Merck and Illumina map out $8m SerImmune round
Illumina Ventures has led a series A round for SerImmune, which will use the funding to enhance its immune system mapping platform.