Intel Capital, the corporate venturing subsidiary of US-listed chip maker Intel, has hired Chiara Sommer (pictured) as an investment director. Sommer comes from High-Tech Gründerfonds (HTGF), the German state-mandated venture capital firm that counts dozens domestic corporates as limited partners, where she had been a senior investment director. During her four-year stint at HTGF, Sommer’s… Continue reading Sommer comes to Intel Capital
Month: April 2018
Verkada secures $15m in Siemens-led round
The smart security system developer raised the money in a series A round led by Siemens’ Next47 subsidiary.
Nutrino feels $8m glow
Nielsen Ventures was among the participants as the nutritional data platform completed a series A round to boost its overall funding to $10m.
Nongfenqi harvests series C cash
China-based agricultural services provider Nongfenqi has closed a nine-figure renminbi series C round (RMB100m = $16m) that featured media conglomerate Bertelsmann, Kr Asia reported today. Yi Capital led the round, which also featured existing backers including Innoven Capital, Yonghua Capital, Shunwei Capital, Source Code Capital and Zhen Fund. Bertelsmann contributed through corporate venturing unit Bertelsmann Asia… Continue reading Nongfenqi harvests series C cash
Palo Alto snags Secdo in $100m deal
RDC will exit cyber threat detection platform Secdo through an acquisition by Palo Alto Networks reportedly sized at about $100m.
Ayala finds pathway to $17m series A
Harel Insurance and Finance, which helped form cancer therapy developer Ayala Pharmaceuticals in November, is among the investors.
Amgen helps Aetion ace series B round
Medical analytics platform developer Aetion raised $36.4m in an Amgen Ventures-backed round that took its total funding to $50m.
Reaction rockets to new funding
Rolls-Royce, Boeing and existing investor BAE Systems all contributed to a $37.3m round for advanced engine developer Reaction Engines.
Axa’s CVC unit becomes Axa Venture Partners
Insurance group Axa’s corporate venturing arm, Axa Strategic Ventures, renamed itself Axa Venture Partners on Tuesday. Axa Venture Partners manages $450m of assets and has participated in 32 deals since it launched in 2016. Its priority areas include enterprise software and digital health, as well as insurance, financial and consumer technologies. The rebranding follows the… Continue reading Axa’s CVC unit becomes Axa Venture Partners
Livongo links to corporates to raise $105m
Merck Global Health Innovation Fund, Microsoft Ventures, Zaffre Investments and Echo Health Ventures invested in a round that valued Livongo at $800m.
Dropbox drives IPO to $869m
The Salesforce-backed file storage platform expanded the offering after the underwriters bought an additional $113m of shares.
CloudMargin clears $10m in funding
IHS Markit and Leucadia National both invested in collateral management platform developer CloudMargin, which will use the cash for sales, marketing and product development.
Workana gets funding commission from Seek
Existing investor Seek has invested $6.8m in Workana, a freelancer recruitment marketplace that will now expand from Latin America into Southeast Asia.
Somatus sums up with $11m
Inova Health and BlueCross BlueShield Venture Partners contributed to a series B round that will fund the strengthening of the startup’s services and technology.