Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.
Month: August 2019
Groupon ropes in Presence AI
Online discount provider Groupon has picked up customer chatbot developer Presence AI for an undisclosed sum, opening the exit for Amazon’s Alexa Fund.
Corporate venturing deal net: 12-16 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.
Cloudflare to cross over to public markets
The Alphabet, Baidu, Microsoft and Qualcomm-backed hosting services provider has filed to raise $100m in its IPO, five months after raising money at a reported $3.2bn valuation.
ShareChat shakes out $100m in funding
Twitter has led a $100m series D round for social media app ShareChat that valued the multilingual social network operator at $650m.
Chatwork talks its way to Tokyo IPO
Tokyo Stock Exchange has approved an initial public offering for enterprise communication platform Chatwork that will enable GMO Venture Partners to exit.
Incorta boots up $30m series C
The data warehousing technology developer has closed a round featuring Telstra Ventures, GV and M12 that took its overall funding to $75m.
Ginkgo spinoff Motif moves to next round
Meat-free food ingredient supplier Motif FoodWorks has added $27.5m to a $90m round featuring Louis Dreyfus and Fonterra earlier this year.
Mux sucks in $20m
The video-optimisation software provider’s series B round was led by CAA-backed Evolution Media while Accel and Y combinator also invested.
Fudata gets fed pre-series B funding
Sichuan Changhong Electric contributed to a $14.2m round that brought financial services-focused anti-fraud product developer Fudata’s total funding to $39m.
Adevinta moves into Flatfair in $11m round
The no-deposit tenancy platform has raised series A funding from investors including Adevinta that will support hiring and product development.
Vreal slips into the night
VR streaming technology creator Vreal has reached the end of the road having previously raised money from Intel Capital and Akatsuki Entertainment Technology Fund.
Ziff Davis organises Spiceworks acquisition
Goldman Sachs-backed IT professional networking platform Spiceworks has agreed to be purchased by Ziff Davis, having raised $111m in funding.
Litera reads up on Doxly acquisition
Dentons subsidiary Nextlaw Labs has exited legal documentation technology developer Doxly in an acquisition by Litera Microsystems.