Vision Fund’s $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.
Month: August 2017
Editorial: Sports venturing offers the brave a way to swim in money
It is, as these deals in the past week show, a remarkable time in sports and content as the change in distribution routes also affects the $40bn advertising industry.
Corporate venturing deal net: 7 – 11 August 2017
Jetsmarter, the US-based private flight subscription service backed by private aviation company JetEdge, raised an undisclosed amount from investment firm Clearlake Capital Group and investment holding company Leucadia National Corporation yesterday. The company had previously received $157m in funding, including $105m in a December 2016 series C round featuring JetEdge, KZ Capital, private investor Shawn… Continue reading Corporate venturing deal net: 7 – 11 August 2017
SoftBank ekes its way into Encored
Encored Technologies USA, a branch of Korean energy data management technology provider Encored, has secured $6m in funding from SoftBank.
SoftBank allows $7.5m to go to Altaeros
Altaeros, the developer of an aerial broadband provision system, has raised $7.5m from SoftBank, the investor that supplied $7m for it in 2014.
Crop Pro reaps $8m
The agricultural insurance provider has closed a series A round co-led by Finistere Ventures and Seed 2 Growth Ventures and backed by GuideOne Insurance.
JD Finance to fund consumer startups
JD.com’s financial services arm has announced a consumer-focused venture capital fund called Qianshu Capital that will invest at seed or series A stage.
Chef’d feeds on $35m of corporate investment
Smithfield Foods provided $25m of the cash for the ingredient delivery service’s latest round, investing alongside Campbell Soup Company and Fresh Direct.
Coinbase piles up $100m in series D round
The digital currency exchange platform, which is backed by investors including NTT Docomo, New York Stock Exchange, USAA and BBVA, is now valued at $1.6bn.
Discovery brings $10m to Here Be Dragons
Discovery Communications has led a $10m series A round for the virtual reality content producer Here Be Dragons, valuing the business at $65m post-money.
Walmart enters talks to pick up Birchbox
Birchbox, the beauty product subscription service that has raised $87m in financing from backers such as Comcast, has reportedly begun talks with retailers including Walmart over an acquisition.
FDG offers billion-dollar Chanje
Electric truck developer and charging service Chanje has come out of stealth having raised almost $1bn from investors including technology partner FDG Electric Vehicles.
PCCW OTT goes on air with $110m
Media group PCCW’s online video spinout has received funding from Foxconn’s corporate venturing unit as well as Hony Capital and Temasek.
News round up 14 August 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.