Evolution Media is set to score an exit, after set-top box provider and portfolio company Layer3 TV agreed to be acquired by T-Mobile.
Month: December 2017
Delivery Hero and Ola break bread
Ola has bought FoodPanda India from Delivery Hero and invested $200m in the company, while Delivery Hero will get a stake in Ola.
Inven invites $118m in funds
Inven Capital, the strategic fund formed by Czech energy utility ?ez, has received $59m each from ?ez and European Investment Bank.
Fyusion captures $22m in series B round
A consortium including NTT Docomo, Colopl, Gionee and the Foxconn-backed 2020 fund has provided $22m for 3D photography app developer Fyusion.
Aptinyx shows nerve in $70m series B
Neurological treatment developer Aptinyx has secured $70m in a Nan Fung-backed round to add to the $65m series A it closed in May 2016.
Paddle makes progress with MacPaw funding
MacPaw was among the investors in a $12.5m series B round for sales software provider Paddle, with the cash to go to hiring and product development.
Splice pieces together $35m
The WME and AM Only-backed music production platform developer will use the series B funds to grow its team and improve the suite of tools it offers.
Corporate Venturing in 2017: The Trends
The upper end continued to grow and corporates launched a raft of AI funds, as bike sharing, real estate, smart vehicles and urban farming drew capital.
G7 connects to GLP for $70m round
Global Logistics Providers and Bank of China have supplied $70m in cash to G7 Networks, which has developed connected fleet management technology.
SoftBank to provide $300m treat for Wag
SoftBank Vision Fund is seeking to invest up to $300m in dogsitting app developer Wag, which had initially set a $100m target for its next round.
Rakuten and Techstars launch Singapore accelerator
Rakuten and Techstars have partnered to launch an accelerator for startups developing technologies that can be used with social messaging apps.
Pfizer and AbbVie join Jnana Therapeutics’ investors
Jnana has raised $50m in a series A round backed by Pfizer and AbbVie to continue development of its protein drug discovery platform.
BP finds Lightsource with $200m investment
BP will take a 43% stake in the solar energy developer and operator once the full commitment is fulfilled over a three-year period.
IDB collars Colu with $14.5m
Conglomerate IDB Group has invested in localised currency platform Colu and a presale for its cryptocurrency, Colu Local Network.