Canada-based commercialisation firm Mars Innovation has secured an $800,000 commitment from pharmaceutical firm Pfizer to establish a translational research fund. The Mars Innovation – Pfizer Translational Research Fund will focus on technologies in life sciences, including therapeutics, diagnostic and treatment tools, manufacturing and research-enabling products. The fund will particularly seek to identify projects related to… Continue reading Mars Innovation and Pfizer form research fund
Month: April 2018
Corporate venturing deal net: 9-13 April 2018
US-based internet-of-things technology producer Sensoro received an undisclosed amount of series C funding on Tuesday from investors including Robert Bosch Venture Capital (RBVC) and Baidu Ventures, subsidiaries of industrial technology maker Robert Bosch and internet group Baidu, as well as Northern Light Venture Capital and Chaos Investment. Sensoro had previously raised $28m across two rounds from… Continue reading Corporate venturing deal net: 9-13 April 2018
6sense roots out ZenIQ
Salesforce Ventures has exited ZenIQ through an acquisition by 6Sense, after co-leading a $4.6m round for the company last year.
Enterprise boldly goes to $41m series B
The respiratory disease specialist took its overall funding to $55m with a $41.4m round led by Novartis Venture Fund.
Checkr fetches $100m in series C round
The background checks provider, which counts Alphabet as an investor, secured funding in a round led by funds and accounts managed by T. Rowe Price.
Corporates identify Element for $12m series A
BCA, BRI and Telkom Indonesia all invested in the biometric identification software developer, whose early backers include Recruit and Sinar Mas.
SpaceX explores $500m in new round
The GV-backed space exploration company is reportedly raising money at a valuation of almost $24bn, in a round that will be led by Fidelity.
Hellobike turns wheels toward $700m
Existing investors Fosun and Ant Financial contributed to the first tranche of the bicycle rental platform’s series E round, four months after a $500m series D.
Ripple transfers $25m to Blockchain Capital
Blockchain-based financial technology developer Ripple has provided $25m for US-based venture capital firm Blockchain Capital’s Blockchain Capital Parallel IV fund, it revealed on Wednesday. The capital was supplied by Ripple in the form of its proprietary cryptocurrency, XRP. Parallel IV closed at $25m last month alongside the $125m Blockchain Capital IV fund according to regulatory filings, bringing… Continue reading Ripple transfers $25m to Blockchain Capital
GlaxoSmithKline picks stake in Orchard
Orchard Therapeutics has licensed a range of gene therapies from GSK, which will get a 19.9% stake in the company as part of the deal.
News round up 16 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Samba TV samples Liberty Global investment
Liberty Global has invested $7.5m to close the TV data provider’s $37.5m series B round, which includes MDC Partners, Interpublic, A+E and Time Warner.
Analysis: Tencent purchases from Pinduoduo in a $3bn round
Tencent led a $3bn funding round raised by e-commerce platform Pinduoduo at a $15bn valuation.
Karamba rakes in $10m
The Liberty Mutual, Sumitomo and Asgent-backed automotive cybersecurity technology developer’s overall funding stands at $27m.