Illumina’s cancer diagnostics spinout, which is backed by a host of corporate investors, reached the $900m first close of the round in March.
Month: November 2017
News round up 27 November 2017
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Phoenix swoops for Yidian Zixun investment
Phoenix New Media has invested $57.6m in primary and secondary share purchases to hike its stake in the personalised news app to almost 47%.
Lyft lines up $500m more in funding
The ride hailing platform would add the prospective capital to the $1bn series G round led by corporate investor CapitalG last month.
Takeda strikes Chordia in series A round
Oncology drug developer Chordia Therapeutics has raised series A funding from backers including Takeda, from which it is licensing its preclinical drugs.
Uhouzz opens its doors to $14m
The interational student housing services startup almost doubled its total funding in a series B round backed by New Oriental Education Group.
Danone helps stock Farmers Fridge with $10m
The food producer’s corporate venture capital unit joined Powerplant Ventures and Cleveland Avenue to invest in the healhy vending machine supplier.
Kona Deep drinks in $5.5m
Danone Manifesto Ventures has invested in bottled ocean water brand Kona Deep in its fifth deal since launching in September last year.
EWE energises HTGF III
EWE, a Germany-based local government-run energy and telecommunications utility, has provided a seven-figure euro sum (€1m = $1.2m) for public-private partnership High-Tech Gründerfonds’ third seed stage-focused fund. EWE serves about 3.9 million customers who are mostly situated in northern Germany. It hopes the move will provide information on digitalised services and potential growth in the… Continue reading EWE energises HTGF III
Flo reaches $11m in funding
An affiliate of USAA has contributed to a series A round that took water monitoring startup Flo Technologies’ total equity funding to more than $11m.
HopSkipDrive embraces Student Transportation for new funding
Student Transportation has led a $7.4m round for HopSkipDrive, a ride sharing service that drives children to school or activities.
The Wing takes flight with $32m
WeWork led the female networking organisation’s series B round, closed in advance of the opening of two more of its branches.
IPEM 2018
January 24-26 2018, Palais des Festivals, Cannes (France)
Nautilus sails to $26m series C
Keppel Data Centres provided $10m of the funding, investing alongside Ireland Strategic Investment Fund and Emerson Elemental.