Novo will take two board seats at newly-founded startup Aristea Therapeutics after a $15m investment to fund a pipeline of inflammatory disease drugs.
Month: December 2018
Saudi duo start IT fund
Public-owned Saudi Aramco and Saudi Information Technology Company have started a vehicle to back growth-stage information and communication technology businesses.
GS Shop stays tuned for Vietnam accelerator
Online and TV shopping outlet GS Shop will back a Vietnam-based accelerator run by 500 Startups providing participants with up to $200,000 in funding.
YouGov completes Portent.io purchase
YouGov has purchased the AI-powered social analytics startup, one of its portfolio companies, to broaden its social monitoring and data science analytics tools.
CIB opens account with CVentures
Banking firm CIB has launched a corporate venturing division targeting early-stage fintech businesses in Egypt, Africa and the Middle East.
24M stores series D cash
The lithium-ion battery provider has raised $21.8m in a Itochu-led round that also featured fellow corporate Kyocera.
Disney gets in Kahoot with $15m investment
The Microsoft-backed educational game platform has landed investment from Walt Disney, boosting its valuation from $300m to $376m in two months.
Pieterson looks to scale Averest
Former RTL Ventures managing director Vincent Pieterson has left the unit to set up asset management firm Averest Capital.
News round up 24 December 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: Lyft to go public in 2019
The first flotation of a ride hailing business, expected in early 2019, will give an exit to a range of corporate investors and will move this business model into public markets.
Annexon annexes $75m in series C funding
Immunotherapy spinout Annexon Biosciences collected funding from Novartis Venture Fund in a series C round that brought its total funding to $154m.
Corporate venturing deal net: 17-21 December 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
CVC in 2018 – The Trends: Part Two
In the second half of our guide to corporate venturing’s biggest trends in 2018, we look at the growth of Chinese tech companies, genomics, advances in transport tech and the growth of the scooter rental space.
Altria agrees $12.8bn Juul investment
E-cigarette brand Juul has overcome internal opposition to agree a $12.8bn investment by Marlboro owner Altria at a $38bn valuation.