Christie Pitts has departed from Verizon Ventures, where she was a venture development manager, to be partner and chief-of-staff at seed fund Backstage Capital.
Month: July 2017
Pauthner leaps on SevenVentures’ top spot
Florian Pauthner (pictured), chief financial officer of Germany-based media group ProSiebenSat.1’s corporate venturing unit, SevenVentures, has been promoted to chief executive. The move follows the departure of Sascha van Holt earlier this month to set up investment firm Crosslantic Capital. Pauthner had been CFO of SevenVentures since the start of 2015 while Van Holt was… Continue reading Pauthner leaps on SevenVentures’ top spot
Editorial: Finding an investment edge after the golden age
Microsoft is already an investor in Uber, but this deal for Ola would be in connection with an agreement that Ola switch from Amazon Web Services to Microsoft’s Azure cloud services platform.
Corporate venturing deal net: 24-28 July 2017
BMW i Ventures, the corporate venturing subsidiary of automotive manufacturer BMW, has invested an undisclosed amount in gallium nitrate (GaN) power transistor producer GaN Systems. GaN Systems had received an undisclosed amount of series A funding from Chrysalix Energy Venture Capital and Rockport Capital in 2011 before raising $20m in a May 2015 round led… Continue reading Corporate venturing deal net: 24-28 July 2017
IonQ calculates $20m series B in funding
GV and New Enterprise Associates have co-led the quantum computing technology developer’s latest round, after the latter had supplied it with $2m of series A capital.
Big Switch turns to corporates for new funding
Dell Technologies Capital and Intel Capital invested in a $30.7m round that increased the total raised by the data centre networking technology provider to $120m.
1mg to scale with $15m in new funds
The Bright Lifecare spinout, which counts Intel Capital as an investor, has now raised $37m in total, after securing $15m in a round led by HBM Healthcare.
Node notches up series A funding
The marketing discovery tool developer has come out of stealth having raised $16.3m, including $10.8m in a Gree-backed series A round.
August Home brings in $25m
Existing backers Comcast and Qualcomm were joined by investors including AGL and Liberty Mutual for a series C round that took the smart lock developer’s total funding to $75m.
Google invites startups to take off from its Launchpad
Developers Launchpad Studio will provide $50,000 of equity-free funding to artificial intelligence and machine learning developers along with technical assistance.
Duolingo dives into series E with $25m
The Alphabet-backed language learning platform increased its total funding to $108m with a series E round led by Drive Capital that valued it at $700m.
Expedia exports $350m to Traveloka
The investment increased the Southeast Asian tourism booking platform’s funding to $500m over the past year, JD.com also having provided funding.
Corporates drive $40m Maniv Mobility fund
Israel-based venture capital fund Maniv Mobility closed a $40m fund on Wednesday that featured limited partners including InMotion Ventures, the strategic investment arm of car manufacturer Jaguar Land Rover. Automotive supplier Valeo, equity crowdfunding platform OurCrowd and unnamed hedge funds and family offices have also backed the fund, along with three founders and chief executives… Continue reading Corporates drive $40m Maniv Mobility fund
Complexa structures $62m series C round
The round, which was co-led by Pfizer, will support clinical trials of Complexa’s kidney disease and pulmonary arterial hypertension treatments.