US-based health technology platform Parachute Health has closed a $9.5m series A round backed by GNYHA Ventures, the investment arm of trade association Greater New York Hospital Association, and led by Insight Venture Partners. Private investor Anthony Welters also provided capital. The company, which offers a digital platform for ordering critical medical equipment and servicing… Continue reading Corporate venturing deal net: 4 – 8 June 2018
Month: June 2018
News round up 11 June 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Zebra shines a light on $30m series C
Johnson & Johnson, Intermountain Healthcare and Nvidia have backed a $30m series C round for Zebra Medical Vision.
Evernote spins out China unit
US-based collaborative workspace provider Evernote has spun out its Chinese unit, Yinxiang Biji, with several hundred million Chinese yuan (RMB100 = $15m), TechCrunch reported yesterday. The funding was supplied by Sequoia Capital’s CBC Cross-border Digital Industry Fund. Ownership of Yinxiang Biji has been split almost equally between Evernote, Sequoia and the spinout’s management team. Evernote… Continue reading Evernote spins out China unit
Podium celebrates $60m series B
The customer engagement software developer has raised $60m from investors including GV, the early-stage investment arm of Alphabet that previously supported a $32m series A.
Nashwork finds space for $78m series B+
Kunlun-backed Nashwork has attracted $78m in a series B+ round backed by Sino-Ocean Group.
Gett hitches $80m ride
US-based ride ordering platform Gett raised $80m in funding yesterday from a consortium led by car manufacturer Volkswagen (VW) and participation from conglomerate Access Industries. All other “major” shareholders also participated in the round, though Gett did not identify them. The round valued Gett at $1.4bn and is reportedly the first close of a larger… Continue reading Gett hitches $80m ride
SutroVax diagnoses $85m series C
Pivotal BioVenture Partners and Roche have both returned to back a series C round for SutroVax, which has also added TPG, Medicxi and Foresite Capital to its shareholders.
Tiantianpaiche gears up for $100m
Autohome has made a strategic investment in used car auction platform Tiantianpaiche, whose backers already include SoftBank, SIG, Tencent and Bitauto.
M17 ditches IPO at the last minute
M17 Entertainment, backed by MCN, Yahoo Japan and LeSports, was expected to float on the New York Stock Exchange yesterday but still has not begun trading.
Lockheed Martin lifts CVC fund to $200m
Lockheed Martin Ventures will now have double the amount of capital under management to invest in sectors such as autonomy and advanced manufacturing.
Ant Financial pushes series C to $14bn
The round was already the largest ever at the previously reported $10bn mark but has been revealed to stand even taller with an additional $4bn.
Editorial: Venture’s innovation challenge
The European Commission has today released its draft budget for its next financial period to start after 2020 with its draft plans for about $100bn for innovation funding (nice analysis by Science Business here). Next week I am due to give a short talk in Sofia, Bulgaria, which is currently president of the European Union’s council,… Continue reading Editorial: Venture’s innovation challenge
AMC Entertainment lets Abry onto Screenvision
Abry has acquired cinema marketing distributor Screenvision for $380m in a deal which bagged AMC Entertainment a $45m return.