The smart home device maker has raised $54.5m from investors including Baidu and Libai as it gears up for a China initial public offering.
Month: February 2018
Corporates experiment with OurCrowd Labs/02 incubator
OurCrowd has attracted support from Motorola Solutions and Reliance Industries for a seed stage incubator it launched alongside a $50m sports tech fund.
Big Deal: Joby completes $100m funding job
Joby Aviation has raised $100m in an Intel Capital-led series B round that included JetBlue Technology Ventures, indicating the rise in air-based corporate venturing.
Corporate venturing deal net: 29 January-2 February 2018
Carmudi, a Germany-headquartered automotive e-commerce platform, has raised $10m for its Philippine arm from investors including Tengelmann Ventures, the corporate venturing arm of retailer Tengelmann, as well as Asia Pacific Internet Group, which is part of e-commerce holding group Rocket Internet, and venture capital firm Holtzbrinck Ventures, Business Mirror has reported. The same three firms… Continue reading Corporate venturing deal net: 29 January-2 February 2018
News round up 5 February 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Arundo arrives at $25m series A
Sundt and Canica participated in industrial technology developer Arundo Analytics’ latest round, which will fund hiring, sales and marketing.
Neuspera nets $26m in series B funding
The WuXi PharmaTech-led 6 Dimensions Capital has led the first tranche of neuromodulation technology developer Neuspera Medical’s latest round.
Naspers enters Joymode through series A investment
Joymode, which rents out equipment for curated leisure experiences, secured $14.4m in the Naspers Ventures-led series A round.
Bespin Global revolves to $27m
ST Telemedia led the Hyosung ITX-backed cloud services and software provider’s latest round, which included existing investor Legend Capital.
Ant Financial takes $200m bite of Zomato
The investment includes a $50m secondary share purchase from Info Edge and values restaurant listings platform Zomato at $1.1bn.
BigBasket pockets $300m at $950m valuation
Alibaba invested $146m to lead the round, which more than doubled the valuation of the India-based online grocer inside two years.
Baidu Ventures bands together $318m
The corporate venturing unit’s third fund, its second in renminbi, will make investments in artificial intelligence and big data-oriented companies.
V2 hits $10m target for seed fund
Game developer V2 Games has changed tack to become a game-focused investment firm, with Victory Square Technologies as an LP.
Moderna re-enters funding mode to raise $500m
Messenger RNA therapy developer Moderna Therapeutics, which counts AstraZeneca and Alexion as backers is now valued at $7.5bn.