South Africa’s government has launched a corporate-backed vehicle focused on small and medium-sized businesses in a bid to tackle unemployment and fuel the economy.
Month: April 2019
Analysis: Fusion Pharma gets $105m in series B
Oncology therapeutics developer Fusion Pharmaceticals closed a $105 round, featuring several corporate investors. The deal forms part of the growing broad oncology space, which has seen much attention from corporate venturers in recent years.
FT to fit in DealStreetAsia acquisition
Hindustan Times and Singapore Press Holdings could both exit the business media platform in a purchase by Financial Times expected to close this month.
Chipotle wraps up Aluminaries Project bootcamp
The fast food chain has completed a five-day bootcamp which forms part of Chipotle Aluminaries Project, its food and agriculture-focused accelerator.
Informa reveals corporate venturing plans
The content publisher and events planner has launched Informa Ventures to invest in startups focused on information services.
Corporate venturing deal net: 1-5 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.
Nautilus Labs ships in $11m
The nautical shipping management platform raised $11m in a Microsoft-led series A round, adding to $3.5m in earlier funding.
NGM energises itself with $107m IPO
The biopharmaceutical developer floated at the top of its range and will secure $65.9m from existing backer Merck & Co through a private placement.
Inscripta gets to next series C scene
Gene engineering tool provider Inscripta has grown its series C round to almost $106m, securing the extra capital from existing backers such as Mérieux Développement.
Aqua Security acquires $62m in funding
The cloud application security technology provider has now raised more than $100m altogether, having secured cash in an M12-backed series C round.
Kumar confirms Go-Ventures post
Aditya Kumar, an ex-SoftBank corporate venturer who joined ride hailing service Go-Jek last year, has taken a role at its corporate venturing unit.
O(1) Labs gets $15m result
Coinbase Ventures took part in the cryptocurrency protocol developer’s latest round, which comes in the wake of a seed round less than a year ago.
Corporates buy into ByFounders’ $112m debut fund
The venture firm has collected $112m for its Nordic and Baltic-focused fund, which counts Digital Garage and Danske Bank among its limited partners.
Marubeni helps send $15m to Enlitic
The radiography image analysis platform developer has completed a series B round that was led by new distribution partner Marubeni.