Curbside, a US-based e-commerce platform backed by pharmacy chain CVS Health, mobile chipmaker Qualcomm and media firm O’Reilly Media, was acquired by e-commerce company Rakuten on Friday. Financial terms of of the transaction have not been disclosed. Curbside will continue to operate independently with staff, services, products and partners all remaining as they are. Curbside… Continue reading Rakuten paves way for Curbside acquisition
Month: June 2018
Aivita gives life to $15m series B
US-based stem cell-focused biotech developer Aivita Biomedical raised $15m in a series B round provided by chemicals producer SFC. Founded in 2016, Aivita Biomedical is working on a range of stem cell applications. Its lead candidate is a patient-specific immunotherapy that targets advanced cancers and is currently being developed specifically for ovarian cancer. The company… Continue reading Aivita gives life to $15m series B
Caresyntax structures $31.9m round
US-based medical analytics software producer Caresyntax closed a $31.9m funding round yesterday that featured Norgine Ventures, the corporate venture capital arm of pharmaceutical firm Norgine. The round was led by healthcare artificial intelligence-focused investment firm Surgical AI with a $20m commitment. Surgical AI was established by Dennis Kogan and Bjoern von Siemens, the two co-founders… Continue reading Caresyntax structures $31.9m round
Kano opens Sesame Ventures for cash
Sesame Ventures, the investment arm of children’s entertainment production company Sesame Workshop, has supplied a series B extension of undisclosed size to UK-based computer building kit producer Kano. The extension follows a $28m initial close in November 2017 that was co-led by Thames Trust and Breyer Capital. The first tranche included financial services firm Barclays,… Continue reading Kano opens Sesame Ventures for cash
Claroty finds series B clarity
US-based cybersecurity technology developer Claroty obtained $60m in a series B round yesterday featuring industrial automation company Rockwell Automation and Next47, the investment arm of consumer goods company Siemens. Singaporean state-owned investment firm Temasek led the round, which also included multi-corporate venturing firm Aster Capital, Envision Ventures, Tekfen Ventures, Bessemer Venture Partners (BVP), Team8, Innovation… Continue reading Claroty finds series B clarity
FirstMinute times $100m fund
UK-based venture capital fund FirstMinute Capital has achieved a $100m close of its debut fund with chemical and consumer goods producer Henkel joining the limited partners, TechCrunch reported yesterday. Private bank Lombard Odier also joined the fund’s backers. Internet group Tencent and property developer Nan Fung previously supported an $85m second close in September 2017… Continue reading FirstMinute times $100m fund
PartnerRe and Exor launch $100m fund
Exor Seeds will invest in technology startups, with PartnerRe and Exor each providing half the capital for the fund.
Splunk conducts VictorOps acquisition
JF Shea-backed VictorOps agreed to acquisition by Splunk for approximately $120m in cash and stock.
Humacyte engineers $150m deal
Fresenius Medical Care will purchase a 19% stake in Humacyte, which closed a $75m series C round in March 2018.
Cohesity unites investors for $250m series D
SoftBank Vision Fund has led an oversubscribed series D round for Cohesity and was joined by fellow corporates Cisco, HPE and Qualcomm.
Workday picks up Adaptive Insights for $1.55bn
The acquisition comes less than a month after Adaptive Insights, whose shareholders include Salesforce, filed for a $100m initial public offering.
Workday ropes in Rallyteam
Workday has paid an undisclosed sum for talent development platform operator Rallyteam, previously backed by Cornerstone OnDemand and Wilson Sonsini Goodrich and Rosati.
Bad Robot collects corporates for gaming venture
Film producer Bad Robot Productions has partnered internet group Tencent and a division of mass media and entertainment conglomerate Time Warner to form a US-based game development venture called Bad Robot Games, The Verge has reported. Tencent will act as Bad Robot’s strategic partner, while Time Warner will make a minority investment through game production… Continue reading Bad Robot collects corporates for gaming venture
Mode fashions $16m investment
The company has emerged from stealth with funding from GV and New Enterprise Associates.