Xilinx co-led a $9.5m round for the programmable technology developer that included corporate venture capital unit Samsung Ventures.
Month: September 2017
Corporate venturing deal net: 25-29 September 2017
Middle East-based retail franchise operator MH Alshaya has invested an undisclosed amount in Noon, the Kuwait-headquartered developer of an e-commerce marketplace that is intended to serve customers across the Middle Eastern region. Noon’s founding investors are entrepreneur Mohamed Alabbar and the Saudi Arabian government’s Public Investment Fund, and the startup plans to launch its platform… Continue reading Corporate venturing deal net: 25-29 September 2017
Chime rings up $18m
Northwestern Mutual Future Ventures contributed to a series B round that Chime will use to increase the features on its mobile banking app.
McKesson taps Williams and Mertol for CVC roles
McKesson Ventures has hired Carrie Hurwitz Williams from Omada Heath as principal and taken on Irem Mertol as a director.
Debenhams makes a $10m appointment with Blow
Beauty services provider Blow, which also counts Unilever as an investor, will begin setting up beauty bars at Debenams department stores through the deal.
Playbuzz tells $35m series C story
The interactive storytelling platform has now raised $66m since it was founded in 2012, after existing investor Disney returned to back its latest round.
Foody enters Sea in $64m deal
Sea has acquired an 82% stake in portfolio company Foody, a restaurant booking, ordering and review platform also backed by CyberAgent, for approximately $64m.
Nexon nabs $80m majority stake in Korbit
Nexon has acquired a majority stake in SoftBank and SK Telecom-backed cryptocurrency exchange Korbit, in a deal that valued the company at $120m.
Kyriba kicks on with $45m
Existing investor HSBC returned for the cloud finance management software provider’s latest round, which was led by Sumeru Equity Partners.
Letgo clasps another $100m
The Naspers-backed classified listings app developer has raised additional cash from existing investors at a $1bn valuation, taking its total funding to $475m.
Analysis: Alibaba expedites almost $800m to Cainiao
China-based e-commerce firm Alibaba is set to invest $798m in logistics platform Cainiao, taking its stake from 47% to 51%
News round up 2 October 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Dreamscape absorbs AMC funding in $20m round
AMC Entertainment will invest $10m in VR entertainment developer Dreamscape Immersive’s series B round as part of a strategic partnership agreement.
Jopwell recruits Teneo for $7.5m series A
Teneo’s corporate venturing unit has contributed to a series A round for diversity-oriented recruitment service Jopwell, taking its total funding to near $12m.