B Capital Group, which is sponsored by Boston Consulting Group, closed an oversubscribed fund that will invest in up to 25 companies.
Month: February 2018
Phunware boosts series F funding to $46m
The round, which includes Philippine Long Distance Telephone Company and WWE, reached a $40m second close in 2016.
Ant Financial targets $5bn
Alibaba’s financial services affiliate is reportedly targeting a valuation of $80bn to $100bn for the round, which could precede an initial public offering.
Instacart initiates $250m series E
The American Express, Comcast and Amazon-backed grocery delivery service is targeting up to $250m, according to a securities filing.
News round up 12 February 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Volk vacates GE Ventures for NVCA role
Stephanie Volk has left her management position at GE Ventures to take the vice-president of development post at National Venture Capital Association.
Corporates perform series A funding service for Yoshi
Automotive manufacturer General Motors and oil and gas producer ExxonMobil co-led a $13.7m series A round for US-based on-demand car servicing provider Yoshi on Wednesday. Acclerator operator Y Combinator’s Continuity fund also took part in the round, as did venture capital firm Arab Angel and Durant Company, the investment fund established by basketball player Kevin… Continue reading Corporates perform series A funding service for Yoshi
FarEye catches Deutsche Post DHL’s gaze
An affiliate of delivery group Deutsche Post DHL has supplied $9.6m in financing to the logistics software developer that will fund international growth.
Agrinos accrues funding in EuroChem-backed round
The crop nutrition product supplier raised $14.7m in a private placement that included existing strategic investor EuroChem.
Reonomy reloads with $16m
The SoftBank-backed property data platform increased its overall funding to more than $38m with a round featuring Marcus & Millichap.
Cityscoot picks up corporates to raise $49m
The electric scooter rental platform will expand into new cities using the proceeds from the RATP and LeasePlan-backed round.
Byton bids for $400m in funding
The Tencent-backed electric vehicle developer, formerly known as Future Mobility, is seeking between $300m and $400m at a $1.2bn valuation.
Alliance forges $65m Ionic Materials series C
The advanced battery material developer has received funding from investors including the Renault, Nissan and Mitsubishi-backed Alliance Ventures.
Naspers helps Swiggy bottle up $100m
Naspers Ventures led the round, investing alongside Meituan-Dianping and increasing the food delivery platform’s total funding to $255m.