Kévin Monserrat spoke to Global Corporate Venturing about how his experience as venture capital relations and dealflow manager at Microsoft for Startups helped him with his new enterprise, Consilience Ventures.
Month: July 2019
VW revs up Argo AI with $2.6bn
Volkswagen has joined Ford as a shareholder in Argo AI, following a $2.6bn commitment of capital and assets that values the self-driving system maker at more than $7bn.
Swiggy looks to order in $500m
Naspers is in talks to lead the $500m round, which is also expected to feature NeoPlux and will reportedly value the food delivery platform at $4bn.
Youdao works towards $300m IPO
NetEase is looking to launch a $300m IPO for Youdao, which could value the Legend Holdings-backed online education services provider at $2bn.
Philip Morris tilts CVC unit towards Southeast Asia
The tobacco company’s investment arm will extend its reach into Southeast Asia and has launched a startup competition in the region.
Matterport draws up Arraiy acquisition
Matterport is set to buy the special effects software developer for an undisclosed amount, handing exits to SoftBank and Dentsu.
Snap sounds out companies for Yellow accelerator
Messaging platform Snap has chosen 10 digital content and story-sharing platform operators to take part in its in-house accelerator program.
Analysis: Biontech gets a $325m series B round
Cancer treatment company Biontech raised $325m round backed by Fidelity. The company forms part of the hopeful oncology and cancer treatment subsector of life sciences which has seen much growth and in corporate backing in recent years.
Akinova asks for series B financing
Hiscox and MS&AD-backed insurance-risk trading marketplace Akinova is looking to raise series B cash as it prepares to grow its operations.
Corporate venturing deal net: 8-12 July 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Luminar lights the way to $250m
Corning, Cornes and Volvo have invested in Luminar, which has emerged with more than $250m in funding, including a $100m round closed recently.
DTCP signals interest in $177m Signavio round
Signavio has raised $177m in equity financing from Deutsche Telekom Capital Partners and Apax Digital to further develop its business process management software.
Minerva Project designs $57m series C
Tal Education Group, which contributed to Minerva’s series B round five years ago, has returned for a series C led by Bytedance.
NewsCred broadcasts $20m story
Dentsu was among the backers of a $20m series E round for NewsCred, which has now raised more than $100m from investors also including Verizon and Digital First Media.