A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: August 2017
Corporate venturing deal net: 31 July – 4 August 2017
Germany-based taxi and limousine-booking app developer Talixo has raised a “high” seven-figure euro amount (€1m = $1.18) from rail operator Deutsche Bahn, which took part through its Deutsche Bahn Digital Ventures unit, mechanical engineering firm Amman Group and an undisclosed Swiss institutional investor. Amman participated as an existing investor, and Talixo had previously received €550,000… Continue reading Corporate venturing deal net: 31 July – 4 August 2017
Volkswagen invites six teams to its incubator
The carmaker’s Transparent Factory has chosen CarlundCarla, Smart City System, Geospin, Ekoio, Tretbox and LoyalGo for its first lineup.
MassMutual Ventures re-enters Limelight in $7m series B
Employee benefits platform Limelight Health secured $7m in a MassMutual Ventures-led round that included Axa Strategic Ventures and Wanxiang Healthcare Investments.
MaaS Global amasses extra funding
The mobility app developer increased its latest round, which includes Transdev, Veho, Toyota, Denso, Aioi Nissay Dowa, Swiftcom and Karsan, from $11m to $16.8m.
Enbala expands corporate-backed series B round
The distributed energy management platform has closed an ABB, General Electric and National Grid-backed round at $17.5m after adding $5.5m from Zoma Capital.
Eloxx stretches series C to $38m
Eloxx Pharmaceuticals, an Israel-based developer of therapies aimed at genetic diseases, raised $8m from investment firm LSP on Wednesday to close its series C round at $38m. The initial $30m tranche was closed last month and led by Pontifax, with participation from medical diagnostics technology maker Opko Health, Korea Investment Partners, DSC Investments, the Quark Venture and… Continue reading Eloxx stretches series C to $38m
M17 cracks series A code with $40m
M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Yahoo Japan.
Meican orders up series D funding
Corporate-focused food ordering platform Meican, which counts Nokia and Meituan-Dianping as investors, has raised cash in a Goldman Sachs-led round.
Bajaj Finance brings $35m to Mobikwik
Mobikwik has received $35.3m from new strategic partner Bijaj Finance as it looks to expand its mobile payment and wallet platform into lending and insurance.
TrackR locates $50m
Revolution Growth led the item location technology developer’s series B round, which included corporate venturing units Amazon Alexa Fund and Docomo Capital.
Kabbage cashes in with $250m SoftBank investment
Existing investor SoftBank has agreed to invest $250m in the small-business lender, increasing its overall funding to about $490m since 2009.
Morgan Stanley looks to diversify with new accelerator
The investment bank’s Multicultural Innovation Lab will invest in and assist startups founded by women and people of colour.
Sawyer gets Advance in $6m round
Advance Publications’ corporate venturing unit has led the children’s education software and marketplace provider’s latest round.