BMW, Jaguar Land Rover and Porsche all backed a series B round for the roadside assistance app developer, whose early investors include Verizon, Allianz and ATD.
Month: January 2019
News round up 28 January 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Symbiont assembles $20m series B
The blockchain technology developer will use the proceeds from the Nasdaq Ventures-led round to commercialise its platform for mortgages, private equity and syndicated loans.
WarnerMedia Investments closes book on deals
WarnerMedia Investments, the corporate venturing unit formerly known as Time Warner Investments, has reportedly shut while managing director Allison Goldberg has left the company.
Just Eat takes Flyt as Time Out exits
Just Eat has purchased the remaining shares of portfolio company Flyt for $28.8m, while fellow corporate Time Out recorded a $12.6m return.
Beeswax advertises $15m series B round
You & Mr Jones has contributed to Beeswax’s series B round, which increased the bidder-as-a-service technology provider’s total funding to $28m.
Alexandrian dives into Canopy Rivers
Narbe Alexandrian, previously vice-president of business development at Canopy Rivers, has been promoted to president.
Doddala ascends at TIAA to head fintech strategy
Raja Doddala, formerly head of TIAA’s B2B digital team after co-founding CVC unit 7-Ventures, has been promoted to lead the company’s fintech strategy and development.
Analysis: Desktop Metal prints $160m
Additive manufacturing provider Desktop Metal raised a $160m round led by Koch Disruptive Technologies and featuring other corporate investors
Corporate venturing deal net: 21-25 January 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
General Electric weighs up GE Ventures divestment
GE Ventures is reportedly being considered for a spinoff as part of an ongoing, wide-ranging reorganisation of General Electric.
Go-Jek picks up $920m
Google, Tencent and JD.com are among the existing backers that have contributed to the first tranche of a round expected to close at $2bn that valued Go-Jek at $9.5bn.
Hearst helps Geophy to $33m series B
Hearst Ventures invested in Geophy as the commercial real estate appraisal platform eyes expansion in the US, Europe and Asia Pacific.
Sunmi shines with Ant Financial investment
Ant Financial has completed a nine-figure renminbi investment in the point-of-sale device maker in the form of series C-plus funding.