GE Ventures and NGP Capital have exited workplace software provider Teem in a $100m acquisition by WeWork.
Month: September 2018
Lithia makes Shift in $140m series D
Automotive sales services provider Shift Technologies raised debt and equity financing in a round led by Lithia Motors and backed by BMW i Ventures.
Banma puts the pedal to $233m metal
The smart car joint venture between Alibaba and SAIC Motor, has closed its first funding round with the support of SAIC’s investment management arm Shangqi Capital.
News round up 24 September 2018
A round up of all the news on www.globalcorporateventuring.com for our subscribers.
News round up 17 September 2018
A round up of all the news on www.globalcorporateventuring.com for our subscribers.
NetGear draws up Meural acquisition
Electronic art frame producer Meural has been acquired by NetGear less than a year after the corporate took part in its series A round.
CrossLend accesses SolarisBank and ABN Amro
The banks, both now strategic partners of debt marketplace CrossLend, have also invested in a $16.2m round for the company.
Locix locates series B funding
Murata Manufacturing led a round of undisclosed size for the spatial data technology developer, whose backers include Sumitomo, iRobot, Acer, Yaskawa and NTT Docomo.
Main Sequence rearranges fund to reach $167m
Lockheed Martin was among the limited partners that helped Main Sequence Ventures add almost $95m to its Csiro Innovation Fund 1.
Intel catches NetSpeed in acquisition deal
Network-on-chip technology developer NetSpeed has been acquired by Intel, an investor in the company since 2014, for an undisclosed amount.
Solid Power shows strength to raise $20m
The solid-state battery developer has closed a series A round that included Hyundai, Samsung, Solvay, Sanoh Industrial and A123 Systems.
Cigna signs off on $250m investment fund
The healthcare provider, which has become an increasingly active investor, has formed a corporate venturing unit called Cigna Ventures.
Nio parks in public markets with $1bn
The Tencent, Baidu, Lenovo and JD.com-backed electric carmaker floated near the foot of its range at a reported $6.4bn valuation.
Kissht consumes $30m
Sistema Asia Fund and Vertex Ventures co-led a $30m series C round for buy now, pay later service Kissht that included existing investor Fosun.