AddVentures, the corporate venture capital arm of building materials supplier Siam Cement Group (SCG), has invested in a $66m fund closed by US-based venture capital firm Wavemaker Partners today. International Finance Corporation, the private investment arm of World Bank, provided $10m for the fund. Singaporean-state owned firm Temasek Holdings also contributed, as did as undisclosed… Continue reading SCG cements place in Wavemaker Partners fund
Month: October 2017
Corporates drive XL Hybrids’ series D to $22m
The vehicle electrification technology provider has now raised more than $50m altogether, after securing $22m in a round featuring Ikea and Exelon.
Biom’Up rises with $45m IPO
Biom’Up, a France-based medical device developer backed by pharmaceutical firm Lundbeck and insurance provider Sham, flotated on the Euronext Paris market today, raising €38.1m ($45m). The company priced more than 3.6 million shares at €10,50 each, in the middle of the IPO’s €9.50 to €11.50 range, and achieved a valuation of €113m. The IPO proceeds… Continue reading Biom’Up rises with $45m IPO
ETechAces wins $77m
Intel Capital and Info Edge-backed online insurance and loans marketplace operator eTechAces has raised $77m in a round that valued it at $500m.
Kobalt kicks series D up to $89m
Kobalt has secured $14m in a Section 32-led second tranche of the round, which features Hearst and which valued the music services provider at $700m pre-money.
Nominum concurs with Akamai acquisition
Akamai has agreed to acquire the network infrastructure and security provider, which counts Juniper Networks and Network Solutions as investors.
Tencent considers throwing $100m into Sea
Tencent, online services provider Sea’s largest investor, has expressed interest in buying $100m of shares in the latter’s forthcoming initial public offering.
CoverWallet gets fatter in series B round
Insurer CV Starr has participated in an $18.5m round for business insurance startup CoverWallet as part of a product development collaboration deal.
Magic Leap targets $1bn landing
The augmented reality technology developer, which counts several large corporates as investors, aims to raise $1bn in funding, according to a securities filing.
SecurityScorecard registers series C funding
US-based cybersecurity software producer SecurityScorecard closed a $27.5m series C round yesterday led by Nokia Growth Partners (NGP), the venture capital firm sponsored by communications equipment maker Nokia. In addition to NGP, the round included Intel Capital, Axa Strategic Ventures and GV, the corporate venturing units of chipmaker Intel, insurer Axa and internet and technology… Continue reading SecurityScorecard registers series C funding
ValueInsured claims $6.5m in new round
Seed-stage investors investors Everest Re Group and Houston International Insurance Group have returned to reinvest in the down payment insurance supplier.
Autodesk spins out Creative Market
The design marketplace, acquired by Autodesk in 2014, has raised $7m in series A funding from five investors to fund its return to independence.
Generali Italia vists H-Farm for accelerator initiative
The insurer is offering $12,000 in seed funding as part of a new health and welfare accelerator formed in partnership with incubator H-Farm.
True Link assembles $8m series A round
True Link, a Cambia Health Solutions and Ziegler-backed financial services provider for the elderly, has secured $8m from a trio of investors.