The firm has achieved the first close of its latest fund, backed by corporates including Orange, Publicis and Valeo as well as state-owned investment bank Bpifrance.
Month: June 2017
Kalray processes $26m
Safran Corporate Ventures took part in a round that took microprocessor provider Kalray’s overall funding to $65m.
WPP grabs Mic stake
WPP has invested $6.5m in Mic Network, the millennial-focused online news platform already backed by Axel Springer, You & Mr Jones, Time Warner and Hakuhodo.
Sphero rolls out Misty with $11.5m
Connected toy maker Sphero has spun out a personal robotics startup called Misty Robotics with a series A round that included Venrock and Foundry Group.
Sequent reaches first close of $16m series C
Card digitisation technology provider Sequent has achieved the first close of a round led by TIS that also includes corporate venturing unit SBT Ventures.
Blockchain links to GV in $40m series B
The digital currency technology developer has raised $40m in a round co-led by GV and backed by Virgin which will support global expansion and R&D.
Celgene fixes $68m series A round for Repare
Oncology drug startup Repare Therapeutics has emerged from stealth with series A funding from investors including Celgene Switzerland.
News round up 26 June 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Razer pays out to MOL Global
Razer has paid $19.9m for a 19.9% stake in MOL Global as part of a deal that will make MOL a master distributor of its virtual currency.
Eton graduates with $20m
Imprimis Pharmaceuticals spinout Eton Pharmaceuticals has secured $20m in a private placement from a syndicate of unnamed investors.
Corporates respond to MaaS appeal in $11m round
Toyota and Aioi Nissay Dowa have participated in an $11m round for mobility app developer MaaS Global, which received funding from several corporates last year.
Caterpillar sets Alight for $11m series A
Business planning software startup Alight will use the proceeds from the Caterpillar Venture Capital-led round to scale its mining and mortgage industry products.
Juewei and Ele.me to cater to startups
The corporates have launched a $30m joint venture that will invest in catering companies with growth potential with which they can partner.
Farfetch picks up $397m from JD.com
The e-commerce firm will help luxury fashion marketplace Farfetch expand in China as part of a strategic partnership deal that took Farfetch’s total funding to about $700m.