Conglomerate Mitsui is set to acquire a stake of undisclosed size in India-based renewable energy grid operator OMC Power for approximately ¥1bn ($9m), according to Mint. Founded in 2011 as Omnigrid Micropower Company, OMC supplies electricity to mobile telecoms towers and operates solar power plants in rural areas, where it has set up small-scale distribution… Continue reading Corporate venturing deal net: 31 August – 1 September 2017
Month: August 2017
Vertex pushes beyond $150m
Vertex Ventures has exceeded the $150m target for its latest fund, securing external investment for the first time from Kasikornbank.
Trumpf acquires C-Labs
Trumpf, which had supported a $2.7m series A round two years ago, has acquired C-Labs for a reported $10m.
Ollie chases $12.6m series A
WME Ventures has returned for a $12.6m series A round in Ollie, a pet food delivery service that previously closed a $4.4m seed round reportedly also involving the talent agency.
BrainScope conceives $16m investment
General Electric and National Football League previously provided funding through the GE NFL Head Health Challenge.
Amplero markets $17.5m series B
The funding round follows a Salesforce-backed $8m series A in July 2016.
Fengxiansheng picks up series C
Jolly Information Technology has contributed to a series C round worth tens of millions of dollars for logistics services provider Fengxiansheng.
Gigster stages $20m series B
Bloomberg-backed Gigster has added $20m to its coffers with a series B round led by Redpoint Ventures.
Alice makes room for series B
Expedia has put $26m into hotel management platform Alice, acquiring a majority stake in the process.
Armo Biosciences takes $67m in series C1
GV and Celgene have returned for a $67m series C1 round in Armo Biosciences, which will use the cash to launch phase 2/3 clinical trials of its immunotherapy candidate.
Uber to gear up for IPO within 36 months
Dara Khosrowshahi, new chief executive at corporate-backed Uber, revealed his ambition to take the company public within the next 18 to 36 months.
DoubleVerify identifies majority owner
Providence Equity Partners has made a majority investment in DoubleVerify, which last raised $33m in 2011 and whose shareholders included Comcast affiliate Genacast.
Tencent helps take care of Shuidi series A
Healthcare crowdfunding platform Shuidi has collected $24.3m in a series A round co-led by Tencent and BlueRun Ventures.
Kaistart heads for $29m series C
Beijing Kunlun Tech-backed Kaistart has added $29m to its coffers in a round led by Yunfeng Capital.