Celgene, Mayo Clinic and GV-backed Evelo has added $47.5m to its coffers, seven months after closing a $50m series B round.
Month: February 2018
Magic Leap to ascend with another $400m
Magic Leap, a US-based augmented reality (AR) technology developer backed by corporates including media company Grupo Globo, is seeking $400m in a series D extension, the Financial Times reported on Friday. The investment would come from the Saudi Arabian government’s Public Investment Fund (PIF) and would value Magic Leap at approximately $6bn. The companies are… Continue reading Magic Leap to ascend with another $400m
Analysis: GV exits Flatiron Health
Pharmaceutical firm Roche agreed to acquire cancer research technology provider Flatiron Health, paying $1.9bn for the remainder of the company’s shares, giving GV, the corporate venturing unit of internet conglomerate Alphabet, its fifth latest life sciences exit since November. At the time of the acquisition, Roche already owned a 12.6% stake in Flatiron. The price… Continue reading Analysis: GV exits Flatiron Health
Geospock generates $12m
The data software provider has added $6.6m to close a series A round that included Mitsui Fudosan’s 31 Ventures unit.
Gogolev goes to Severstal
George Gogolev, director of corporate innovation and technology transfer for Russian Venture Company, has joined Severstal as head of disruptive innovation.
Corporate venturing deal net: 19-23 February 2018
US-based personality profiling software developer Crystal has raised $5m in series B funding from investors including enterprise software providers HubSpot and Salesforce, the latter through its Salesforce Ventures unit. The round also featured venture capital firms Birchmere Ventures and Falmouth Ventures, and Crystal will use the cash to introduce more content, tools and partnerships to… Continue reading Corporate venturing deal net: 19-23 February 2018
Alibaba approaches Dailyhunt for investment
Alibaba is reportedly considering the purchase of a 10% to 12% stake in the news aggregation and publishing app at a $500m valuation.
Greenlight Financial charges to $16m series A
Amazon Alexa Fund and several financial services providers have invested $16m in Greenlight, the creator of a smart debit card for kids.
News round up 26 February 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Kallyope aligns itself with Illumina to raise $66m
Existing investor Illumina Ventures is among the participants that have contributed to the gut-brain axis drug developer’s series B round.
Tantan shareholders take $760m in Momo acquisition
Momo has agreed to pay $601m in cash and approximately $160m in stock, allowing YY and Bertelsmann to exit dating and meeting app Tantan.
Vectra tracks investors for $36m
Nissho Electronics and Wipro were among a consortium that provided series C funding for cybersecurity software provider Vectra.
Investors apply $52m to Glossier series C round
IVP and Index Ventures have co-led a round for WME-backed skincare brand Glossier, increasing its overall funding to $86m.
Cota categorises investors for $40m series C
Iqvia led a round backed by Horizon Blue Cross Blue Shield of New Jersey, Hackensack Meridian Health and Memorial Sloan Kettering Cancer Center.