Microsoft has acquired the Comcast, Tencent and Alphabet-backed social VR developer, saving it from shutting down and allowing it to continue its previous work.
Month: October 2017
AVP takes care of UrbanSitter in $17m series C
Childcare service provider UrbanSitter took its overall funding to $40m with a round led by the corporate-affiliated Advance Venture Partners.
Legal & General puts cash into SalaryFinance
The insurance firm, which formed a fintech division in July, has co-led a $52.3m round for SalaryFinance, which provides software that boosts employee financial health.
Merck visits Visterra to help close series C
US-based antibody therapeutics developer Visterra secured $23.6m yesterday to close a series C round backed by pharmaceutical firm Merck & Co at $46.7m. The company raised an initial $23.1m in June 2016 from Merck’s investment vehicle MRL Ventures Fund as well as Vertex Ventures, the venture capital arm of Singapore state-owned investment firm Temasek, Polaris… Continue reading Merck visits Visterra to help close series C
Nissay Capital funds fashionable Lifestyle
Nippon Life-backed Nissay Capital has returned to back a $6.6m round for Lifestyle Design, the operator of custom fashion e-commerce platform LaFabric.
Secret Escapes schedules $111m series D
GV-backed online travel marketplace Secret Escapes has collected $111m in equity and debt financing from investors including Singapore state-owned Temasek.
Rhythm Pharmaceuticals rides to $120m IPO
The Pfizer and Ipsen-backed metabolic disorder drug developer floated above its range and saw its share price rise more than 75% on its first day of trading.
Souqalmal sucks up series B funding
UK-based GoCompare has made its first strategic investment outside its home country, in a $14.5m round for Middle East price comparison platform Souqalmal.
Corporates find Harmony in $270m round
Novo and Nan Fung Life Sciences are among the investors as Harmony Biosciences, which focuses on central nervous system disorders.
FogHorn clears path to $30m
Seven corporates, including returning investors GE, Saudi Aramco, Robert Bosch and Dell, have contributed to the data analytics software developer’s series B round.
AtScale measures out $25m in series C cash
The big data-equipped business intelligence software provider has now raised $45m in total, securing new funding in a UMC Capital and Comcast Ventures-backed round.
News round up 9 October 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Skydisc senses success in series A
Nippon Life and Kaga were among the participants in a $6.5m round for connected sensor technology developer Skydisc, which will use the cash for hiring.
Urgent.ly flags down corporates for $10m series B
US-based on-demand roadside assistance provider Urgent.ly secured $10m on Tuesday in a series B round backed by tire distributor American Tire Distributors and telecommunications company Verizon’s corporate venturing arm, Verizon Ventures. Forté Ventures, the venture capital firm that led Urgent.ly’s $7m series A round in late 2015, also participated in the round. The 2015 round… Continue reading Urgent.ly flags down corporates for $10m series B