Since the beginning of 2017, Global Corporate Venturing (GCV) Analytics has tracked and seen a number of companies backed by China-based internet company Tencent go public in Hong Kong and the US.
Month: August 2018
Apogen ups series B round to $11m
Apogen Biotechnologies, a US-based oncology therapy spinout of University of Minnesota, boosted its series A round to $11m yesterday with $4m from investors including pharmaceutical firm Merck Group. Merck invested through corporate venturing subsidiary M Ventures, participating alongside unnamed existing investors. Pharmaceutical firms Eli Lilly, WuXi AppTec, AbbVie and Johnson & Johnson all contributed to… Continue reading Apogen ups series B round to $11m
BitStar aligns for series C funding
Asahi Broadcasting, Colopl, WFLE, Asahi Shimbun and Nagoya Broadcasting Network helped provide $11.7m for the influencer marketing platform.
GV helps Carmera capture $20m
Carmera, an autonomous vehicle mapping technology provider, has received funding in a series B round led by GV that will support global expansion.
KoinWorks mints series A round
Bank Mandiri and fellow corporate Gunung Sewu both took part in a $15.8m series A round for online lending platform KoinWorks.
Sitetracker locates corporates for $24m series B
Wells Fargo Strategic Capital and Salesforce Ventures joined existing backer NEA for a round that will help the asset management platform grow globally.
CreditEase accesses Upgrade in $62m series C
The corporate’s strategic investment fund led a round that valued the consumer credit platform at $500m, taking its total funding to $142m.
Eventbrite enters itself for $200m IPO
The Square-backed event ticketing management software provider has disclosed almost $360m in venture funding.
News round up 28 August 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Alibaba and SoftBank christen new vehicle with $3bn
Alibaba spinoff Koubei has joined forced with the corporate’s newly acquired Ele.me, with more than $3bn from Alibaba and SoftBank.
THG meets Techstars for Indianapolis accelerator
The Heritage Group will invest $120,000 in each of 10 materials science, environmental services and specialty chemicals startups through the scheme.
Skala to let down ladder to startups
The Gree Ventures and Salim Group-backed accelerator partnership will pay $30,000 for a 5% stake in each of its Indonesian participants.
Dada Room moves into Roomi
Wayra, the accelerator subsidiary of telecommunications firm Telefónica, has exited Mexico-based online shared accommodation portal Dada Room in an acquisition of undisclosed size by US-headquartered counterpart Roomi, Entrepreneur has reported. Founded in 2012, Dada operates an online platform that allows users in Mexico, Brazil, Argentina, Chile, Colombia and Peru to find housemates or shared houses.… Continue reading Dada Room moves into Roomi
Certa makes new funding certain
Uniseed and the Australian government-backed MRCF have invested $18.5m in kidney disease drug developer Certa