Shuanglu Pharma-backed CF PharmTech has raised $65m in a series D round led by fund managed by China state-owned State Development & Investment Corporation.
Month: August 2017
Synlogic processes Mirna merger
US-based biopharmaceutical company Synlogic announced yesterday it has completed its reverse merger with Nasdaq-listed biopharmaceutical firm Mirna Therapeutics after gaining the approval of Mirna’s shareholders. The all-stock transaction was first revealed in May 2017. The combined company began trading on the Nasdaq Capital Market yesterday under the SYBX symbol and will operate as Synlogic. Synlogic’s… Continue reading Synlogic processes Mirna merger
Freenome takes series A to $72m
GV-backed Freenome has raised $7m in a series A extension led by Section 32, the venture capital firm launched by former GV chief executive Bill Maris.
Qiniuyun computes $152m investment
Alibaba has contributed to a $152m funding round for cloud computing company Qiniuyun with a view of strengthening its own cloud offering.
Ele.me gobbles down Waimai
Baidu has sold its food delivery service Waimai to food delivery company Ele.me for a reported $800m, retaining a small stake in the venture.
Editorial: Expedia CEO’s move to Uber follows venture successes
Following on from successes, such as eLong in China, and Expedia’s former CEO Dara has a storied track record in using tools to keep its global edge.
Brian Walsh snaps from Konica to McKinsey
Brian Walsh, the short-lived head of Japan-based Konica Minolta’s innovation strategy and new venture development efforts for North America, has joined management consultants McKinsey’s New Ventures Fast Growth Tech (FGT) practice. As a general manager for corporate venture capital services, Walsh said: “At McKinsey, I am helping to drive a new service line around Corporate… Continue reading Brian Walsh snaps from Konica to McKinsey
Matt Stanley builds career at Ikea
After a decade with Sweden-based furniture retailer Ikea, Matt Stanley has taken on a role as an investment manager in a “new venture investment unit responsible for investing in innovative companies that are building a more sustainable, connected and affordable life at home”. Ikea already had its €60m ($71m) GreenTech corporate venture capital company making equity… Continue reading Matt Stanley builds career at Ikea
Sherry House drives over to Waymo
She is now director and head of corporate finance at Waymo covering corporate development.
Mikihiro Yasuda leaves DeNA
He had been in charge of DeNA’s investment in US market since April 2014 after a year in San Francisco, California, as a senior director.
Philip Fischer promoted at SevenVentures
The personnel changes at Germany-based media group ProSiebenSat.1’s corporate venturing unit, SevenVentures, continues with the promotion this month of Philip Fischer to senior investment manager. Fischer had joined SevenVentures a year earlier as investment manager after a role as investment banking senior associate at JP Morgan. The promotion came after Kasper Sage, a senior investment manager at ProSiebenSat.1… Continue reading Philip Fischer promoted at SevenVentures
Corporate venturing deal net: 21-25 August 2017
Sigstr, the US-based developer of a personalised employee email system, raised $5m on Tuesday in a series A round led by venture capital fund Hyde Park Venture Partners that included enterprise software provider HubSpot, Battery Ventures, Grand Ventures and High Alpha Capital. It had previously raised $2m in equity financing and $850,000 in debt, according… Continue reading Corporate venturing deal net: 21-25 August 2017
GNS generates $6m in funding
Amgen Ventures and Alexandria Real Estate Equities have invested $6m in GNS Healthcare, which already counts Celgene, Cambia Health and Mitsui as investors.
Art19 draws up $7.5m series A
Podcast hosting platform Art19 has raised $7.5m in a round co-led by corporate venturing unit Bertelsmann Digital Media Investments and venture firm DCM.