A round up of all the latest news on globalcorporateventuring.com for our subscribers.
Month: November 2018
Symantec gains Appthority in acquisition deal
Symantec Ventures has exited mobile cybersecurity platform developer Appthority in an acquisition of undisclosed size by its parent company.
Rael rolls into series A round
SoftBank Ventures Korea, which previously led a $2.1m seed round for Rael six months ago, has returned to contribute to a $17.5m series A alongside GS Retail Fund.
Fraugster uncorks $14m series B round
The e-commerce anti-fraud platform developer secured $14m in a CommerzVentures-led round that also featured Munich Re/HSB Ventures.
Analysis: CVC-backed deals as part of the entire VC realm
In this short piece, we provide a comparison of our GCV Analytics data with Pitchbook’s data up until the end of the third quarter of 2018.
CoStar coasts to Cozy acquisition
American Family Ventures and GV have exited property rental platform developer Cozy in a $68m acquisition by CoStar that followed about $18m in funding.
Corporate venturing deal net: 5-9 November 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Trifo hoovers up $11m
Samsung Ventures contributed to a Tsinghua University-led round for Trifo, with the funding to support the launch of the startup’s smart home robot.
Channel 4 switches on to Crowdcube
Equity crowdfunding platform Crowdcube has raised $10.9m from investors including Channel 4’s Commercial Growth Fund to raise brand awareness.
National Grid charges up $250m investment arm
Energy technology and software-focused National Grid Partners is headed by Lisa Lambert and has two other Intel Capital alumni in its team.
Turvo turns Siemens interest to $60m round
Siemens’ Next47 subsidiary has participated in a series B round led by Mubadala Ventures that boosted the collaborative shipping platform’s overall funding to near $100m.
KBank kicks in $50m for Grab’s latest round
Grab has added $50m from Kasikornbank to a round sized at $2.7bn, following a $250m investment by Hyundai and Kia earlier this week.
Morgan Stanley sends $30m to Samanage
Salesforce-backed IT service platform developer Samanage has now raised $74m altogether, following a $30m investment by Morgan Stanley Expansion Capital.
Intel Capital joins Overwolf pack in $16m round
In-game services marketplace Overwolf has raised $16m in a round led by Intel, the company with which it formed a $7m fund earlier this year.