A decade ago, before the term was captured for the most successful type of entrepreneurs, academic Jeannie Parker’s book The Mythic Chinese Unicorn explained “how the myth of the unicorn began in China then gradually spread into other parts of Asia and Europe”. Aileen Lee, a venture capitalist and American daughter of Chinese immigrants, captured the… Continue reading China’s unicorns multiply under CVC stewardship
Month: October 2017
BMW makes investment in Fair deal
Flexible automotive e-commerce platform Fair has raised an undisclosed sum in a BMW-led round that could precede up to $1bn in financing.
Big Deal: Sea secures $884m in IPO
The Tencent-backed online services provider floated above its range, showing the promise in Southeast Asia for Chinese internet companies.
Assa Abloy cracks August Home acquisition
Eight corporates including Comcast and Qualcomm are set to exit smart lock developer August Home in a purchase by Assa Abloy.
ADCT conjugates $200m in financing
AstraZeneca has returned to back a $200m private placement for cancer drug developer ADC Therapeutics, which has now raised a total of $455m.
Naver steers $118m more to France
Naver has committed $118m to Korelya Capital’s K-Fund I, which previously attracted $112m from the corporate and its spinout Line a year ago.
Dave arranges finances to raise funding
Chernin Group and JPMorgan Chase-backed financial management app developer Dave has raised $13.3m, according to a regulatory filing.
Automile gets en route with $34m
The telematics technology provider’s series B round included Salesforce Ventures, and took its total funding to more than $47m.
Amadeus locates Avuxi investment
Location ranking platform Avux secured an undisclosed amount from Amadeus Ventures, which is putting together a development intiative.
Editorial: Intel Capital’s performance update sets high standards
With the speed and scale of the changes in the innovation capital ecosystem around the scaling up of the industry from a localized, cottage industry to a globalised, professional asset class it can be easy to lose sight of the fundamentals. Intel Capital president Wendell Brooks’ (pictured) update on where the $566m it has invested… Continue reading Editorial: Intel Capital’s performance update sets high standards
Corporate venturing deal net: 16-20 October 2017
Brazil-based online recruitment marketplace Revelo has secured $4.6m in a funding round led by venture capital fund Valor Capital that included Australia-headquartered online recruitment platform Seek, TechCrunch reported on Wednesday. The round, which followed an undisclosed amount of seed funding from Social Capital, Graph Ventures and various angel investors in 2015, will support product development,… Continue reading Corporate venturing deal net: 16-20 October 2017
Eargo edges toward $45m in series C
The hearing aid developer has raised $32.4m from investors including Nan Fung Life Sciences for the first close of its series C round.
Dealflow and investments go up in the third quarter
In the third quarter of 2017, GCV Analytics tracked 559 funding rounds involving corporate venturers, a slight 2% increase from the 447 rounds recorded in Q3 2016. However, the estimated total investment surged to $34.46bn, up 83% from the $18.78bn last year. The US hosted nearly half of those funding rounds (274), while China came… Continue reading Dealflow and investments go up in the third quarter
Capagro Innovation harvests $146m for agrifund
The farming-focused venture fund has attracted Groupama, Agromousquetai, Isagri, InVivo and LSDH for the second close of its fund.