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Month: May 2018
MTN-Irancell picks Tehran for VC fund
The telecoms network operator has launched a venture capital scheme in partnership with Iran’s University of Tehran.
Sodexo exercises investment option in GymLib
Fitness activity access service GymLib has received $11.8m in a Sodexo-backed round that is its second in less than a year.
Consensys Ventures cops to six more deals
The $50m unit, which was set up by blockchain technology supplier Consensys, has funded six more projects and launched an accelerator.
Ripple launches Xpring to back blockchain projects
The blockchain-based money transfer platform will incubate, invest in and acquire projects or startups that use its XRP digital asset.
Zhang zips to Sinovation Ventures
Tom Zhang, an engineering partner at corporate venturing unit GV, has taken the chief data scientist position at VC firm Sinovation.
Philips helps pull $30m for Cardeation Capital
The corporate is one of three investors that have supplied $10m for the fund, which will focus on cardiovascular, stroke and diabetes care.
Droom drills through to $30m series D
Toyota Tsusho and existing backer Digital Garage have co-led a series D round for the automotive e-commerce marketplace at a reported valuation of up to $700m.
Cisco seeks external CVC fund
Cisco, which has invested through its own unit for 25 years, will be the anchor investor in a fund with a nine-figure budget for enterprise software deals.
HifiBio turns up volume on series B
Legend Star has contributed to a $37.5m round for HifiBio, which is developing antibody treatments for cancer and autoimmune diseases.
Logly books in IPO for next month
Investors including CA Mobile, IT Media and Voyage Group are in line for an exit in an offering for the advertising services provider projected for mid-June.
Adaptive Insights advances toward public markets
The Salesforce-backed business planning software producer has filed for a $100m initial public offering having raised $176m in VC funding.
Legend Capital to operate third healthcare fund
The $157m fund will be the Legend Holdings-backed venture firm’s second RMB-denominated healthcare fund and its third overall.
Orbbec absorbs more than $200m
Ant Financial led the motion sensor and advanced camera developer’s latest round, which included fellow corporate Fosun.