CrowdStrike is entering the sphere of corporate venturing through a strategic fund it has formed with Accel to invest in companies building products on its platform.
Month: August 2019
Fosun gives Pet Doctor a treat
Online vet services platform Pet Doctor has tapped $18.2m from a Fosun affiliate in a bid to enhance its sales network and pursue its expansion strategy.
Olton rolls from Symantec to Tenable
Matthew Olton, formerly senior vice-president of corporate development at Symantec, has joined Tenable to oversee its global strategy surrounding cybersecurity.
Whale Network seals $100m series C
Existing investor Tencent has returned for the e-commerce company’s $100m series C round, which was led by Sky9 Capital.
Megvii makes for Hong Kong to IPO
The Alibaba and Foxconn-backed facial-recognition technology developer has filed for an offering that is reportedly set to raise $500m to $1bn.
Longfor hops aboard Huohua Siwei in $85m round
Huohua Siwei more than doubled its total funding to $160m after attracting $85m in a round that featured an investment vehicle for Longfor Properties.
Eni helps fork over $40m for Form Energy
Grid-scale energy storage developer Form Energy has closed a series B round led by Eni Next that will fund a prototype of its lithium-sulphur battery.
Tencent issues $125m to Kuaikan Manhua
Existing backer Tencent has reinvested in the mobile comic marketplace, taking its total funding past the $350m mark.
Algo Capital gets $200m fund allocation
The fund, set up to support the development of the Algorand blockchain, has secured backing from Wibson, Rokk3r and NGC Ventures.
Groups360 arranges $50m from hotel owners
Accor, Hilton, IHG and Marriot provided a total of $50m for the event-booking management platform, which will use it to beef up engineering, sales and marketing.
East Ventures ekes out $75m for sixth fund
Sinar Mas and Emtek both chipped in as the Southeast Asia-focused venture firm closed its latest fund at an oversubscribed $75m.
Wapi Pay whips up African startup fund
Wapi Pay subsidiary Wapi Capital has allied itself with smartphone maker Transsion’s Future Hub unit for a vehicle that will invest about $100,000 per deal.
Circle to round up $100m for fund
Circle is aiming to raise $100m for its equity crowdfunding platform, SeedInvest, and is currently recruiting a general manager for the fund.
True Corporation re-authenticates incubator
True Incube has launched the application process for its sixth cohort and is again looking for startups that offer synergies with the corporate and its parent, Charoen Pokphand Group.