A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Month: April 2019
Analysis: Monzo get a $130m deposit
Financial servicec provider Monzo, previously backed by corporate Orange and Stripe, raised $130m round at a valuation of $2.6bn, making it the second most valuable fintech developer in the UK.
Kurita curates $11m round for Apana
The water treatment company led water management software provider Apana’s series B round, which included fellow existing corporate investor Cowles Company.
Dunnhumby exits Content Analytics to Syndigo
Nutrition media platform Syndigo has acquired US-based content management software provider Content Analytics for an undisclosed amount, allowing computer data science company Dunnhumby to exit. Content Analytics has created a content management software platform for e-commerce businesses that combines management, analytics, syndication and reporting. The company had raised $5.5m including $4m in series A funding… Continue reading Dunnhumby exits Content Analytics to Syndigo
Co-operators works on InsurTech Fund
Co-operators has formed an insurance technology investment fund that will be overseen by VP of corporate development Daniel Sinclair.
Corporate venturing deal net: 8-12 April 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Big Deal: Uber finally files for IPO
SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.
Lemonade stands for $300m series D
SoftBank has returned to lead a $300m series D round for online insurance provider Lemonade, which also welcomed Allianz and GV back as repeat investors.
Bridgepoint follows through on $160m Kyriba investment
Bridgepoint confirmed it has acquired a majority stake in Kyriba, enabling American Express, HSBC, Mitsubishi UFJ Financial Group, Bred Banque Populaire and Mizuho Bank to exit.
STG sets its stall at RedSeal
The Tyco-backed securities analytics provider has received approximately $60m in funding from Symphony Technology Group, representing a majority investment.
Tyson meets Big Idea on way to $100m
Big Idea Ventures will invest in alternative protein and plant-based food developers, and has secured about a third of its $100m Tyson Foods-backed fund.
Fung bids farewell to JD.com
Ernest Fung, a GCV Rising Star this year, announced this week that he has departed from JD.com where he spent more than four years as head of international corporate development.
Pearson Ventures appears with $50m
Pearson has launched a $50m fund called Pearson Ventures to invest in innovative educational technology, as a successor to its Affordable Learning Fund.
Kunlun takes $50m ride on Pony.ai
Kunlun Tech invested the money at a $1.65bn valuation, a big jump from the series A round the autonomous driving technology developer closed last July.