Julie Kainz of Salesforce Ventures and Marc Rennard from Orange Digital Ventures discussed topics such as alignment with a corporate parent and the importance of streamlined processes.
Month: May 2019
PayJoy calls in $20m
The Orange-backed electronics financing provider has increased its total equity and debt financing to $70m with a Greylock-led series B round.
AIBank aims for billion-dollar round
Baidu and China Citic Bank-owned AIBank is looking to raise up to $1bn in the coming months, adding to the $576m in capital provided by the corporates so far.
Moovel moves to Validated acquisition
Jaguar Land Rover has exited mobility rewards app developer Validated in an acquisition of undisclosed size by Moovel.
Tencent ventures to Mafengwo in $250m round
The travel information and services platform raised $250m in a Tencent-led round also backed by General Atlantic, Qiming Venture Partners and Yuantai Investment Partners.
Salesforce fires up $125m Europe Trailblazer Fund
The vehicle is the fifth fund to be established by Salesforce under the Trailblazer banner and follows entities focusing on Canada, Japan and Australia.
GCV Symposium 2019: Day One
The first day of 2019’s GCV Symposium covered topics ranging from frontier technologies and risk versus reward to the launch of Global Impact Venturing.
Sofar Sounds secures $25m
Existing backer Virgin Group returned to reinvest in intimate gig promoter Sofar Sounds, which just celebrated its 10th birthday.
Just Bio to jump to Evotec
Merck & Co and Lilly Asia Ventures will exit the biotherapeutics technology developer in an acquisition by Evotec that will be sized at up to $90m.
Inhibrx exhibits $40m in funding
Eli Lilly, WuXi Biologics and Alexandria-backed cancer and orphan disease therapy developer Inhibrx has received $40m in funding from Viking Global Investors.
Modsy draws up $37m series C
The 3D-imaging interior design service took its overall funding to more than $70m in a round that featured Comcast Ventures and Advance Venture Partners.
Corporates buy into Biofourmis in $35m round
MassMutual Ventures co-led the healthcare data platform developer’s series B round, which also featured Aviva Ventures and Jianke.
Lecarpentier lands new role at ServiceNow
ServiceNow has named Claire Lecarpentier, formerly a strategic investor at JP Morgan, as corporate strategy manager for its ServiceNow Ventures subsidiary.
GCV Symposium 2019: Impact investment and the launch of GIV
The newest Mawsonia platform, Global Impact Venturing, was launched from the stage in connection with discussions on the nature and trends of impact investing for corporates.