Figure Eight, previously known as CrowdFlower, is set to be acquired by Appen for a total of up to $300m, providing exits to corporates Salesforce and Microsoft.
Month: March 2019
Shockwave makes stock market impact
Abiomed-backed Shockwave Medical has raised approximately $97m in an oversubscribed initial public offering, before its shares climbed more than 85% by the end of Friday.
Futu brokers $90m IPO
Tencent invested $8m as the Chinese online brokerage floated at the top of its range in the US, at a valuation of more than $1.3bn.
Panda TV to switch off
The LeCloud and Qihoo 360-backed online video streaming platform will reportedly file for bankruptcy after failing to raise new financing.
CapitalG agrees another Aye Finance investment
CapitalG committed $4.7m to Aye Finance’s $33.3m series D round, which closed in conjunction with a $2.2m debt investment from Karvy Capital.
Zinier zooms to $22m series B
Qualcomm and NGP Capital both took part in an Accel-led round which will fund a geographic expansion for the field service management software provider.
FutureFuel powers through series A round
Salesforce and First Data participated in an $11.2m series A round that increased the total raised by the student debt repayment service to almost $16m.
Brodmann17 counts up $11m in series A
UL and existing investors Samsung and Sony contributed to an $11m round that will fund the development of Brodmann17’s driver assistance technology.
Corporates plug into Ubitricity’s series C round
Honda and existing investors EDF and Siemens all contributed to a $22.7m round that will fund the expansion of Ubitricity’s EV charging network.
Blueground checks Jabbar in to raise $20m
The property rental platform plans to expand to 50,000 apartments across 50 cities with the proceeds from the round, which was backed by Jabbar Internet Group.
Analysis: Rivian gets $700m delivered from Amazon
Amazon led the latest round of electric truck developer Rivian Automotive sized at $700 – the first large corporate-backed round in this space for 2019.
Alexa Fund sounds out third accelerator batch
Amazon’s corporate venturing unit is seeking 10 artificial intelligence technology developers startups to fill out its third accelerator cohort.
News round up 11 March 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Binance forms Argentina co-investment deal
Argentina’s Ministry of Production and Labour will provide grants for blockchain technology portfolio companies of Binance Labs and the LatamEx-backed Founders Lab.