Food and beverage producer Nestlé agreed yesterday to acquire a majority stake in Blue Bottle Coffee, the coffee roaster and retailer backed by internet technology group Alphabet. Nestlé declined to provide details of the deal, but the Financial Times reported it is set to pay up to $500m for a 68% stake in the company.… Continue reading Nestlé buys big into Blue Bottle
Month: September 2017
United Imaging Healthcare collects $505m series A
The round was co-led by China Life Insurance and SDIC Fund Management and valued the medical device developer at more than $5bn post-money.
Wish aspires to $250m in funding
Legend-backed e-commerce platform Wish is set to achieve a valuation of more than $8bn in a $250m funding round that is expected to close soon.
SoftBank Vision Fund analyses $500m investment in ZhongAn IPO
Online insurance provider ZhongAn is set to raise up to $1.5bn next week and SoftBank’s Vision Fund is considering buying $500m of shares.
Alphabet aligns possible $1bn investment in Lyft
Alphabet, already an investor in Uber, is in talks to provide up to $1bn for rival Lyft, which was valued at $7.5bn as of April.
News round up 18 September 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: 23andMe raises $250m
Genetics services company 23andMe, previously backed by Alphabet, Illumina, WuXi PharmaTech and Johnson and Johnson, secured a large $250m round.
Light Polymers crystallises series B round
JSR Corporation has added an undisclosed amount to a series B round backed by Tokyo Electron, that stood at $5m as of July this year.
SES signs up for Seraphim Space Fund
The satellite operator has joined limited partners including Airbus and Telespazio, supplying an undisclosed amount for Seraphim Capital’s space-focused VC fund.
Aria arranges $18m
VMWare-backed cloud billing platform Aria Systems has secured $18m of capital in a Madison Bay Capital-led round, bringing its total funding to $150m.
GreenLight goes for $18m in series D
Existing investor Syngenta Ventures was among the participants as the agricultural bioprocessing platform developer raised capital that will support commercialisation.
Asus finds Fenox VC for $50m fund
The consumer electronics manufacturer is teaming up with venture firm Fenox for a $50m fund that will target areas such as big data, IoT and cloud technology.
Samsung sends $300m to automotive technology fund
The corporate’s first deal out of its Samsung Automotive Innovation Fund is an $89m investment in networked safety control system developer TTTech.
Federated Wireless mobilises investors to raise $42m
Charter Communications, American Tower and Arris International co-led a series B round for the telecom spectrum management platform, which is now valued at $122m, with GIC.