Legrand has acquired its portfolio company Netatmo for an undisclosed amount, three years after the corporate led the smart home device maker’s $32m series B round.
Month: November 2018
Applied Ventures to invest in New York trip
Applied Materials’ corporate venturing unit is partnering Empire State Development to fund startups in upstate New York while investing in an R&D hub at SUNY Polytechnic Institute.
Habana grabs $75m in series B funding
Intel Capital led a series B round for the artificial intelligence-based processor developer, bringing its overall funding to $120m.
Corporates buy into $50m Mojo Vision round
Liberty Global and Shanda Group were among the investors that have backed Mojo Vision’s invisible computing platform with $50m of capital.
Dragos powers up $37m series B
National Grid, Schweitzer Engineering Laboratories and Emerson collectively invested $1m in the industrial cybersecurity platform’s series B round.
Analysis: IPOs of corporate-backed businesses rising
The number of flotations of companies that have previously received corporate backing has been growing over the past couple years. More interestingly, it has been companies from the life sciences sector that beat other sectors in going public.
Corporate venturing deal net: 12-16 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.
Corporates buy into $13m round for Italic
Comcast Ventures was among the investors that backed Italic as it launches its factory-to-consumer e-commerce platform.
Kozhevnikov splits from Sistema
Sistema Asia Fund managing director Kirill Kozhevnikov has departed, accepting a partner position at venture firm RTP Global.
Salesforce helps send Propel through $18m series B
Salesforce Ventures returned to reinvest in a Norwest Venture Partners-led round that boosted the product management platform’s total funding to $28m.
Kodner crosses from Comcast to DFJ
Comcast Ventures’ head of talent, Jen Kodner, has departed in order to manage executive searches for DFJ’s portfolio companies.
Camel-IDS calls in $42m
Vrije Universiteit Brussel’s Camel-IDS collected funding from investors including Novo for a radiation-based oncology platform that will initially target Her2-positive brain metastatic breast cancer.
Qualcomm enters Airspace in $20m series B
Supply chain management software provider Airspace Technologies took its total funding to $28m in a round featuring existing investor Qualcomm Ventures.
AdaSky attracts $20m from Sungwoo Hitech
The autonomous driving technology developer plans to expand globally after landing funding from Sungwoo Hitech as part of a larger round.