Hyundai has invested an undisclosed sum in Grab’s $2.5bn series G round, which includes SoftBank, Didi Chuxing and Toyota, as part of a strategic partnership.
Month: January 2018
Corporate venturing deal net: 8-12 January 2018
Computing company IBM invested an undisclosed amount in US-based sales software provider Apttus yesterday that will be added to the $55m in series E funding it raised in September 2017 from enterprise sales software producer Salesforce’s corporate venturing unit, Salesforce Ventures, as well as Premji Invest, K1 Investment Management and Iconiq Capital. The September round… Continue reading Corporate venturing deal net: 8-12 January 2018
Celgene provides Sanofi with $1.1bn Impact exit
Sanofi will exit cancer drug developer Impact Biomedicines in an acquistion by Celgene that consists of $1.1bn up front and potentially billions in milestone payments.
News round up 15 January 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Chronext makes time for $34m series D
Tengelmann Ventures has co-led a series D round for luxury watch seller Chronext, which will use the cash to expand to the US and Asia.
Evive benefits from $43m
Evive, a US-based developer of a platform that helps employees manage their company benefits, raised $43m in funding yesterday from trading and technology firm Susquehanna International Group (SIG). SIG invested through its growth-stage investment arm Susquehanna Growth Equity. The transaction marked the first time that Evive raised external funding since it was founded ten years… Continue reading Evive benefits from $43m
Dropbox files confidentially for IPO
The Salesforce Ventures-backed file storage service has some 500 million users and was valued at $10bn as of 2014.
DataCloud mines $8m
The mining analytics software provider, which is backed by Orica Mining Services, is targeting a $12m final close for the round.
Luxcel reaches conclusion with Agilent acquisition
Mocon has exited cellular testing services provider Luxcel Biosciences, seven years after it paud $3.6m for a 16.9% stake in the company.
Alexandria Venture Investments plants Seed Capital Platform
The newly formed investment platform, part of biotech REIT Alexandria Real Estate Equities, will invest at life sciences startups at seed stage.
SkySpecs observes Statkraft for $8m series B
Statkraft Ventures, the venture capital firm sponsored by power producer Statkraft, led an $8m series B round for US-based infrastructure inspection service SkySpecs on Tuesday. UL Ventures, the corporate venturing arm of safety and compliance firm UL, also invested as part of the round, as did VC firm Venture Investors, VC fund Huron River Ventures… Continue reading SkySpecs observes Statkraft for $8m series B
Larizadeh Duggan kicks GV for Kobalt
GV general partner Avid Larizadeh Duggan has left the unit for a chief strategy and business officer position at GV portfolio company Kobalt.
K11 eyes Oben for $10m investment
New World Development subsidiary K11 has backed avatar development platform Oben, which counts Tencent, SoftBank and Dunan as backers.
Viacom identifies WhoSay for acquisition
Viacom has acquired online marketing agency WhoSay, allowing investors including Comcast, Tencent and Amazon to exit.