Rumi Morales is reportedly leaving her position as head of corporate venturing unit CME Ventures and will be joined by senior director Brandon Gath.
Month: August 2017
Boston Scientific helps Neuros net $20m
Neuromodulation device developer Neuros Medical has raised $20m in a series AA round backed by existing investor Boston Scientific .
SoftBank weighs up US ride hailing options
The corporate is open to investing in Uber or Lyft, CEO Masayoshi Son has said, weeks after it reportedly held discussions with Uber over a 10-figure investment.
Gu Sheng Tang gets $150m
China Life Insurance has participated in the medical clinic franchise’s series D round, which is made up of almost equal debt and equity portions.
Nielsen tracks down vBrand for acquisition
Nielsen has bought Nielsen Innovate graduate vBrand and will integrate the company’s sport sponsorship tracking technology into its sports media offering.
Sansan seals $38m series D
Salesforce and the Toyota-backed Future Creation Fund backed a round that doubled the overall amount raised by the business card management platform.
T2 Cloud floats to series B
Strategic partner Sinosoft was among the investors in a $14.9m round that came after cloud services and software provider T2 closed a Lenovo-backed series A in 2016.
Remezcla finds Hemisphere to raise $11m
Hemisphere Media Group has contributed $5m to an $11m series A round closed by Latin-focused digital media company Remezcla, which had been bootstrapped since 2006.
PeerIQ scores $12m in series A funding
US-based financial data and analytics technology developer PeerIQ has completed a $12m series A round featuring credit information provider TransUnion and media group Hearst’s Financial Venture Fund. The corporates co-led the round with investment banking firm Macquarie Group, participating alongside venture capital firm Uprising and John Mack, formerly the chief executive of investment banking group… Continue reading PeerIQ scores $12m in series A funding
Toyota provides $95m to its Preferred Networks
The carmaker has supplied $94.8m for deep learning technology developer and existing strategic partner Preferred Networks and is now its largest shareholder.
Alibaba hitches a ride on Gobee series A
Gobee.Bike has raised $9m in capital to add several thousand bicycles to its network as it seeks to expand across Hong Kong, and internationally.
Karius carries away $50m
US-based diagnostics technology developer Karius has raised $50m in a series A round from a consortium that included internet company Tencent, CNBC reported on Saturday. The round also featured venture capital firms Khosla Ventures, Data Collective, Innovation Endeavors and Lightspeed Venture Partners. Karius has developed a test that identifies the source of a patient’s infection,… Continue reading Karius carries away $50m
Big Deal: Bristol-Myers Squibb tunes into IFM
The pharmaceutical company’s acquisition of Novartis-backed IFM Therapeutics, consisting of $300m upfront and up to $2bn in milestone payments, is its fourth purchase of a CVC-backed company in under four years.
Editorial: Value shifting from ideas towards large company investors
More value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.