Orange and Experian have both taken part in a round that will be used to expand the reach of Aire’s credit assessment tool in the US.
Month: February 2019
Sojitz sorts out $33m joint venture fund
Japanese conglomerate Sojitz has formed a $33m fund that will be managed by venture firm Fenox Venture Capital, already an investment partner for Sega Sammy and Aisin.
Spotify spies Gimlet for $200m acquisition
The streaming platform is in advanced talks to acquire podcast producer Gimlet Media, which has raised $27m from investors including WPP and Graham Holdings, for more than $200m.
Palo Alto Networks picks Demisto for acquisition
Demisto, a cybersecurity technology developer that has raised $69m from investors including Slack and Wipro, is reportedly in talks concerning an acquisition by Palo Alto Networks.
SoftBank considers a $1.5bn ride on Guazi
Guazi, which already counts Shougang as a backer, is in negotiations with SoftBank Vision Fund over an investment that will value it at $8.5bn pre-money.
Palantir pares down valuation
REV-backed Palantir has cut the size of its stock options, effectively valuing itself at $11bn just four months after reports suggested it would seek a $41bn valuation for its IPO in 2019.
EPMG hosts Exor Seeds to raise $100m
EPMG, the owner of Dubai-based real estate listing site Bayut, has increased its series D round to $100m following an investment from Exor subsidiary Exor Seeds.
Augury orders up $25m series C
Munich Re reinvested in the industrial IoT technology provider’s series C round, which supported an acquisition of Bloomberg-backed Alluvium.
Better Mortgage houses $70m in series C
Better Mortgage boosted its overall funding to about $115m, closing a series C round in which American Express Ventures came onboard as an investor.
Partech packs $143m into African fund
Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.
Simplus samples more cash in $20m series C
The sales service provider collected $20m in the Salesforce Ventures-backed round, on top of $6.5m in debt financing from Silicon Valley Bank.
Aporeto secures Comcast for $20m series B
The cloud network security provider increased its overall funding to $34.5m in the Comcast Ventures-led round, which included Telia and National Grid.
News round up 3 February 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: Andela sources a $100m round
Recruitment business Andela raised $100m series D round featuring Alphabet