The Tencent, Duomi and Kunlun-backed live game streaming platform floated at the bottom of its range but saw its stock rise after it floated.
Month: July 2018
Paidy raids Itochu in $55m series C
Existing investor Itochu led the consumer credit provider’s latest round, boosting its overall funding to $80m.
Otsuka works out Recor Medical acquisition
Existing backer Otsuka Holdings has agreed to acquire the remaining shares in portfolio company Recor, the creator of a device that treats hypertension.
Knightscope extends funding perimeter
The NTT Docomo, Flex and Konica Minolta-backed security system producer is hoping to raise up to $50m in a series S preferred stock offering.
The Motley Fool launches $100m fund
The financial advice provider has formed a venture capital vehicle called Motley Fool Ventures that is targeting a $100m close.
Cyberdyne assembles corporate venturing fund
The robotic exoskeleton producer has raised an initial $81.9m for the fund, which has secured several corporate LPs.
Ant Financial helps throw Snowball $120m
Investment-focused online community Snowball Finance has raised series D funding from Ant Financial that will support hiring and product development.
Corporates find Next deal in $83m series B
Munich Re, Nationwide and American Express returned for a round that boosted the insurance platform’s total funding to more than $130m.
Corporate venturing deal net: 9-13 July 2018
Telecommunications firm AT&T invested an undisclosed amount in US-based augmented reality technology developer Magic Leap on Wednesday, completing a $963m series D round featuring media companies Axel Springer and Grupo Globo, e-commerce group Alibaba, internet technology provider Google and Saudi Arabia’s Public Investment Fund. The previous close valued Magic Leap at $6.3bn, according to TechCrunch,… Continue reading Corporate venturing deal net: 9-13 July 2018
Analysis: Recent deals in energy storage tech
Companies developing energy storage technologies, a strategic target of oil and gas producer as well as carmakers, have been mentioned over the news in the past weeks, indicating expected growth of commitments in this space.
ASR accesses $100m in series B round
IDG Capital and Wanrong Hongtu have supplied $100m for ASR Microelectronic, which reportedly received the same sum in an Alibaba-backed round last year.
Movile mobilises Naspers to raise $124m
Naspers, which led Movile’s last round, in December, also led the mobile services platform’s latest, taking its total funding to $375m.
Yahoo Japan cooks up $84m Dely deal
Yahoo Japan is paying $83.7m for a 45.6% stake in online recipe platform and portfolio company Dely, which has several other corporate backers.
News round up 16 July 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.