Guangkong Zhongying Capital, an investment fund formed by outdoor advertising firm Focus Media and state-owned holding company China Everbright Holdings, has led a series C round of undisclosed size for China-based rice cooker producer Chunmi Electronics Technology, China Money Network reported yesterday. Star VC also took part in the round, which follows investments of undisclosed… Continue reading Corporate venturing deal net: 7-11 May 2018
Month: May 2018
News round up 14 May 2018
Corporate venturing deal net: 7-11 May 2018 Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds. Fundraising GLP packages $1.6bn logistics fund The logistics provider’s Hidden Hill Modern Logistics Private Equity Fund will make technology-focused investments in the logistics sector. Google… Continue reading News round up 14 May 2018
Axiom raises cold, hard series A cash
Corporate venturing units Shell Ventures and GXP Investments co-led a $7.6m round for the cold chain technology developer, taking its total funding to $12m.
Athena hunts down series A funds
Athena Financial has closed an $11.3m Rice Warner-backed round as it prepares to launch its online mortgage marketplace in beta.
Evelo consumes $85m in IPO
The Alphabet, Celgene and Mayo Clinic-backed gut-body drug developer floated at the top of its range, after about $167m in VC funding.
Lenskart pursues corporate venturing vision
The eyewear retailer Lenskart plans to provide a total of up to $3m for strategically compatible startups, the first of which is ThinOptics.
GLP packages $1.6bn logistics fund
The logistics provider’s Hidden Hill Modern Logistics Private Equity Fund will make technology-focused investments in the logistics sector.
Ascletis ascends to Hong Kong for IPO
The China-based liver disease treatment developer, whose backers include Tasly Pharmaceuticals, will float in Hong Kong following rule changes.
BioClin makes series B round bigger
Bladder cancer drug developer BioClin Therapeutics, backed by Novo, has increased its latest funding round from $30m to $50m.
Huya hauls in $180m from IPO
YY’s live game streaming spinoff, which also counts Tencent as a major investor, is floating in the US at the top of its range.
Canon fires off BriefCam acquisition
Motorola Solutions Venture Capital will exit video data platform BriefCam in an acquisition of undisclosed size by Canon.
Robinhood collects $363m
CapitalG became the second Alphabet subsidiary to invest in the online trading platform, which more than quadrupled its valuation to $5.6bn.
SafeBreach lets in $15m
Paypal and existing backers Deutsche Telekom and HPE have contributed to a series B round for cyber threat simulation developer SafeBreach.
Stratifi consults investors on $7m series A
Stratifi, which has created risk management software for investing, has secured series A backing from financial markets operator Cboe Global Markets.