The property developer paid $58m for a 35% stake in Standard International and co-led Hostmaker’s $15m series B round as part of six deals.
Month: November 2017
Panorama Education widens funding with $16m
The GV-backed learning data provider has secured series B cash that will support data integration and hiring, taking its total funding to $32m.
Partners HealthCare puts $171m into corporate venturing
The healthcare provider’s hospitals have committed $105m to its Partners Innovation Fund, and it has raised $66.1m from external backers for another fund.
Bytedance moves for Musical.ly in $800m acquisition
Cheetah Mobile and Legend Capital are among the investors exiting music-based social media app Musical.ly in a purchase by Bytedance.
Bolt Threads spins $106m series D
Nan Fung-backed biotechnology developer Bolt Threads has already secured close to $57m in a series D round it aims to close at $106m.
Plastic Omnium helps mould $280m fund
Plastic Omnium has committed capital to a $280m fund being raised by Aster Capital, which already counts Alstom, Solvay and Schneider Electric as backers.
CargoX delivers $20m in series C round
Goldman Sachs, Qualcomm and Ability Logistics invested in a round that boosted the trucking services provider’s overall funding to $34m.
Proofpoint checks off $110m Cloudmark acquisition
Proofpoint will purchase fellow cybersecurity software provider Cloudmark in a $110m cash deal that will allow Nokia and Sumitomo to exit.
News round up 13 November 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: Alibaba backs WeLab in a $220m round
China-based online lending marketplace WeLab raised $220m in debt and equity financing last week in a series B+ round that featured e-commerce firm Alibaba’s Hong Kong Entrepreneurs Fund, financial services firms Credit Suisse and China Construction Bank (CCB) and International Finance Corporation, the private investment arm of the World Bank. WeLab has developed an app-based… Continue reading Analysis: Alibaba backs WeLab in a $220m round
Volocopter lands Intel as investor
E-Volo has secured $5.8m in funding from Intel and Btov Partners as it continues development on its Volcopter unmanned aerial vehicle.
Fazer makes smooth move with Froosh acquisition
Unilever Ventures had held a majority stake in smoothie brand Froosh since 2008, but has exited through an acquisition by Fazer for an undisclosed sum.
Excelero closes $25m block of funding
The data storage provider has secured $25m in a series B round led by Battery Ventures that included Qualcomm Ventures.
Jitterbit absorbs $25m
The cloud integration platform, which is backed by Autodesk and Salesforce, has secured $25m in series C funding to expand its international presence.