Jenny Wu, a managing partner who helped set up Baidu Capital for internet group Baidu in 2016, departed at the end of 2018 to take up a chief investment officer role at New Hope Group.
Month: March 2019
News round up March 4 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Analysis: DoorDash gets $400m order
Last-mile consumer goods delivery service provider DoorDash raised $400m, from SoftBank´s Vision Fund at a valuation of $7.1bn
Hortau unearths $20m
Irrigation management software provider Hortau, which counts Telesystem as shareholder, has raised $20m in its latest funding round.
Synchrony identifies Socure for $30m series C
Identity verification technology developer Socure has collected $30m in series C funding from investors including Synchrony Financial, though Santander InnoVentures did not return this time.
Cloud Elements files $25m Amex-backed round
American Express has taken part in the $25m round, which increased API integration platform developer Cloud Elements’ total funding to $46.2m.
Axial Biotherapeutics takes in $25m series B
Heritage Medical Systems has backed the $25m series B round, which will be used to develop treatments for Parkinson’s disease and Autism spectrum disorder.
Corporate venturing deal net: 25 February – 1 March 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Reliance fetches Reverie Language
A Reliance Industries subsidiary has agreed to buy the Qualcomm-backed multilingual technology developer in a cash deal worth $28.6m.
Recruit to enrol blockchain startups in $25m fund
RSP Blockchain Fund will make investments in startups raising financing through token issues rather than equity rounds, its first portfolio company being Beam Development.
BASF commits $2m to Alchemist Accelerator
BASF Venture Capital has joined Alchemist Accelerator as a limited partner to develop digital technologies in the chemical industry.
Majmudar moves to SiFive
Hiren Majmudar, a 25-year Intel veteran and a vice-president at Intel Capital, has moved on to Intel Capital’s portfolio company SiFive.
Stellar Cyber collects $13.2m in series A
Digital Hearts has taken part in the $13.2m series A round that the security analytics platform will use to bolster its go-to-market expansion.
Zūm hails corporates for $40m series C
School transportation service Zūm has increased its overall to $67m following a BMW-led round, which included participation from Volvo.