Julia Hawkins, formerly head of strategy and investments for Universal Music UK, has joined venture firm LocalGlobe as a partner.
Month: March 2018
Dell joins Faction in $18m series B
The cloud software provider took its overall financing to at least $67m in a Dell-backed round and will spend the proceeds on growth, product development, sales and marketing.
Airspace intercepts SingTel to secure $20m
Proceeds from the Singel Innov8-led series A round will support development and production of Airspace Systems’ drone interception system.
SambaNova clambers to $56m series A
GV and Walden International co-led the computing technology developer’s series A round, which was announced when it came out of stealth.
Skyroam reaches Delta in $20m series C
Delta Electronics Capital contributed to a Jafco Asia-led series C round that took the wifi hotspot technology provider’s total funding past the $50m mark.
Grofers bags more SoftBank funding
SoftBank invested $40m to lead a $61.4m funding round for Grofers that valued it at $300m, increasing its stake in the online grocer to between 35% and 40%.
Ideaya forms $94m series B
Celgene and WuXi Healthcare Ventures returned for the immuno-oncology drug developer’s series B round, which included GV and Roche Venture Fund.
Lundbeck pounces for Prexton in $1.1bn acquisition
Prexton Therapeutics, a Parkinson’s disease-focused spinoff of Merck Group that had raised $41m in funding, has agreed to an acquisition that could reach more than $1.1bn in size.
Five Seasons counts out first fund
France-based venture capital firm Five Seasons Ventures has raised more than €60m ($73.9m) from investors including food supplier Nestlé for the first close of its first fund. The fund’s limited partners include state-owned investment bank BPIfrance and the Italian government-created vehicle Fondo Italiano d’Investimento. Five Seasons will also have support from InnovFin Equity and Horizon… Continue reading Five Seasons counts out first fund
Zscaler weighs in with $192m IPO
The Alphabet and Dell-backed cloud security software provider saw its stock more than double on the first day of trading and now has a market cap of almost $3.9bn.
Alibaba lays down another $2bn for Lazada
Alibaba has doubled its investment in the Southeast Asian online marketplace, having accumulated an 83% stake as of June last year.
Starcity attracts $16.5m
The communal living space provider, which counts Lowe’s Ventures and Comcast Catalyst Fund among its early investors, has raised series A capital from backers including Raiffeisen.
Corporate venturing deal net: 12-16 March 2018
MDI Ventures, the corporate venturing arm of telecommunications group Telkom, has led a $10m round for Australia-based communications technology developer Whispir, E27 reported on Monday. Telstra Ventures and NSI Ventures, respective subsidiaries of telecoms firm Telstra and private equity firm Northstar, also took part in the round, which followed an $8.9m round in 2016 featuring… Continue reading Corporate venturing deal net: 12-16 March 2018
Thermo Fisher engineers path to IntegenX acquisition
Samsung Ventures will exit DNA identification platform IntegenX, which had raised almost $104m in funding, in an acquisition by Thermo Fisher Scientific.