Müller Medien-backed Inkitt has secured series A capital that will support technology development and the addition of 10 languages to its crowdsourced publishing platform.
Month: August 2019
Zolar beams in $11m
Baywa RE Energy Ventures and Inven Capital co-led a series B round for the solar system supplier that included existing backer Statkraft Ventures.
Stitch Fix buys itself Finery
Online warddrobe platform Finery has been acquired for an undisclosed amount by Stitch Fix, allowing Farfetch and BBG Ventures to exit.
Marlin Equity Partners wins Influenster
Ebates-backed brand customer review portal Influenster has been bought for an undisclosed amount by Marlin Equity Partners and will be merged with marketing software producer Bazaarvoice.
SmartBear snuggles up to Bitbar
Qualcomm Ventures has exited software development testing service Bitbar Technologies in an acquisition by SmartBear Software.
Reimges Ventures to take $30m from Taiho
The pharmaceutical company will replicate the investment it made in venture firm Remiges’ $80m first fund, helping it to reach a target of $150m.
Corporate venturing deal net: 26-30 August 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Nuanwa nabs $14m
The insurance analytics platform, incubated by insurer ZhongAn, has raised cash from Sequoia Capital China and Kuanping Capital.
Puris pulls in $75m from Cargill
Cargill has put another $75m into pea protein-based food ingredient provider Puris, roughly a little over 18 months after it invested an initial $25m.
Tencent rescinds $150m invitation from VIPKid
Existing backer Tencent has reportedly pulled out of a $150m contribution to a round that would have valued the online teaching service at $4.5bn, due to regulatory concerns.
Agarwal calls time on Fosun RZ gig
Vipin Agarwal, formerly senior director for India at Fosun RZ Capital, has stepped down after 20 months in which he managed 11 investments and exits.
Huimei Technology hooks WuXi AppTec to raise $30m
WuXi AppTec took part in a $30m series C round for care provision software producer Huimei Technology that included the latter’s parent company, Huimei Healthcare.
TAL Education attends Vedantu’s $42m series C round
TAL Education helped boost the tutoring platform operator’s overall equity and debt financing to more than $59m, having previously invested $5m in November.
Oct builds series B round higher
The construction site communication app developer has boosted a round featuring Salesforce Ventures and Globis Capital Partners to $18.8m.