Limited partners including Apple, Foxconn, Microsoft and Dai-ichi Life have agreed to commit to the massive-scale fund, which is in talks to secure even more capital.
Month: July 2019
Livongo looks strong in $355m IPO
Livongo priced its shares above their range to raise more than $355m, providing exits to Merck GHI, M12, Humana, Zaffre Investments and Echo Health Ventures.
Health Catalyst marshals $182m in IPO
Health Catalyst, which counts several care providers as investors, has raised $182m in its initial public offering, with its share price shooting up more than 50% on the first day of trading.
Hippo gobbles up $100m
Standard Industries and existing investors Comcast Ventures, Lennar and Propel Venture Partners all contributed to a series D round that boosted the online insurer’s total funding to $209m.
DeNA takes Delight in corporate venturing
DeNA has set up a $92.5m investment fund that will be run by its nascent corporate venture capital unit, Delight Ventures.
Shenzhen Capital cases corporates for $290m healthcare fund
Industrial Bank and Ping An Insurance Real Estate Investment are among the limited partners for a healthcare-focused fund launched by Shenzhen Capital that is targeting a $116m first close.
TScan takes in $48m
The Alphabet and Novartis-backed T cell cancer therapy developer has secured series B capital that took its overall funding to $48m.
Tile ticks off $45m series C
The Tencent-backed item location technology maker collected $45m in a Francisco Partners-led round that increased its funding to more than $104m to date.
Piva assembles corporate venturing squad
Bennett Cohen has left Shell Ventures to join Petronas’ corporate VC vehicle, which was set up by former GE Ventures managing director Ricardo Angel earlier this year.
Hipcamp hops to $25m series B
Campsite-booking service Hipcamp secured the cash at a $127m valuation, with OATV returning for a round that was led by Andreessen Horowitz.
Corporates pay Visits in $20m round
Dentsu, Dai-ichi Life and Persol are among the investors that provided $20.4m for the product-management technology developer.
Corporates head to Zone2boost
CaixaBank, Global Payments and Ingenico have come together to devise the Spain-based accelerator, which will target e-commerce and fintech startups.
Bustle makes Inverse acquisition
Bertelsmann Digital Media Investments is set to exit geek-focused digital media platform Inverse in an acquisition of undisclosed size by Bustle.
US Cellular disassembles strategic investment vehicle
Telecommunications firm US Cellular has disbanded its strategic investments and partnerships group having made some executive changes in May.