The electronics manufacturer has equipped a corporate venturing subsidiary with an initial $50m to fund early-stage companies developing power and energy technologies.
Month: July 2019
Uniphore calls on corporates for $38m series C
National Grid Partners and Sistema Asia Fund took part in the round, which increased the conversational software provider’s valuation to about $130m.
ConnectM moves into Keen Home
ConnectM Technology has acquired the smart vent maker for an undisclosed sum in a deal that handed exits to Comporium and American Family Ventures.
Nanoform nabs additional funding
The nano medicine technology developer received $11.2m in a Mandatum Life and Ilmarinen-backed round.
Interview: Rajesh Swaminathan, Applied Ventures
Rajesh Swaminathan, head of Applied Ventures, spoke to GCV about his unit increasing its investment as it prepares to bring its New York engineering services facility online.
Bayer leads new Century to $250m
Immuno-oncology therapy developer Century Therapeutics has emerged from stealth, having raised $250m from Leaps by Bayer, which invested $215m, and Fujifilm subsidiary FCDI.
Ola Electric plugs into $250m
SoftBank has provided $250m of series B funding for EV infrastructure developer Ola Electric Mobility, reportedly pushing its valuation to $1bn.
Ahren Innovation arranges $253m close
Corporate backers Unilever, Aviva and Sky are among the limited partners that helped the investment firm reach a final close of $253m.
Singapore Life summons up $90m from Sumitomo
Sumitomo Life Insurance acquired a stake sized at about 25%, in a deal that increased the online life insurance providers’ total funding to $153m.
Miaoshou Doctor makes it to billion-dollar valuation
The Tencent-backed online medicine distributor has reportedly increased its valuation to more than $1bn in a series C3 round of undisclosed size.
Livongo gives $100m IPO a go
Health management app developer Livongo Health was valued at $800m as of 2018, and a range of corporate investors could exit in the offering.
Hakuhodo DY hatches CVC initiatives
The Japan-based advertising firm plans to spend about $92m on corporate venturing through 2023, having launched a unit dubbed Hakuhodo DY Ventures.
1mg mixes $70m funding potion
Online pharmacist 1mg has completed a series D round that reportedly valued the Intel-backed company at $200m.
Xiaohongshu shops around for $500m
Xiaohongshu, an e-commerce platform backed by Alibaba and Tencent, is looking to add up to $500m in funding to its coffers from investors including SoftBank Vision Fund.