Swisscom, Avaloq, Swiss Post and Sicpa have all backed a round of undisclosed size for the cryptocurrency and blockchain technology provider.
Month: April 2018
Optical Comb measures out series B funding
Nissay Capital and Mitsui Sumitomo Insurance Venture Capital, both existing investors, returned for Optical Comb’s $11.8m series B round.
Patagonia helps Numat structure new investment
Metal-organic framework developer Numat Technologies has raised $12.4m in funding from investors including Patagonia subsidiary Tin Shed Ventures.
Rocketrip soars with $15m
US-based employee travel rewards platform Rocketrip secured $15m on Wednesday in a series C round led by GV, a corporate venturing arm of internet and technology conglomerate Alphabet. The round also featured venture capital firms Bessemer Venture Partners and Canaan Partners. GV partner Erik Nordland will join the company’s board of directors in connection with… Continue reading Rocketrip soars with $15m
Meituan Dianping drops in to Heytea
Milk tea chain Heytea has received just over $63m from Meituan Dianping as it looks to more than double its number of branches this year.
Zeisser moves out of Alibaba
Michael Zeisser, Alibaba’s chairman of US investments, has departed having overseen deals for Lyft and Snap, and will likely be replaced by Peter Stern.
Xiaohongshu picks $200m target for next round
The recommendation-based e-commerce platform is already backed by Tencent and plans to raise $200m or more at a $2.5bn+ valuation.
Baidu begins $500m fund
Changcheng Investment Partners is an independent firm sponsored by Baidu and managed by its ex-CFO that will target internet and artificial intelligence.
News round up 30 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Investors quarry out funding for Tradewind
Gold trading platform developer Tradewind has raised $10.6m in a round featuring gold miners Agnico Eagle Mines, IAmGold, Wheaton Precious Metals and Goldcorp.
DocuSign seals $629m IPO
Comcast Ventures and GV are both selling shares in an upsized offering that will give the digital signature technology developer a $4.4bn market cap.
Square roots out Weebly in $365m deal
Tencent will make a loss when it exits website building software developer Weebly, valued at $455m three years ago, through an acquisition by Square.
Innovent Biologics pinpoints $150m in series E
Existing investors Legend Capital, Lilly Asia Ventures and Taikang Insurance all took part as the drug developer took its total funding to more than $530m.
Allegro.AI accepts $11m
The artificial intelligence development startup has emerged from stealth with funding from backers including Robert Bosch and Samsung.