Google returned for a funding round that valued Dunzo at up to $200m, and the on-demand delivery service now plans to form new partnerships to expand.
Month: October 2019
Aeovian achieves $37m series A close
The rare and age-related disease-focused startup emerged from a drug discovery collaboration between Evotec and Apollo Health Ventures, both of which chipped into the round.
Analysis: Median size of rounds continues to grow in 2019
Our analysis shows that venturing rounds at most stages have grown their median dollar size. Later-stage rounds have experienced a much more pronounced growth.
Petronas adds $350m corporate venturing fund
The petroleum producer plans to invest $350m in a newly formed unit called Petronas Corporate Venture Capital that will follow a separate $250m fund in July.
Jambunathan jumps up at SAP
SAP has given Ram Jambunathan, already managing director for SAP.iO, the position of head of corporate strategy.
Dirik leaves Microsoft for Samsung
İskender Dirik has taken on a managing director role at Samsung Next following corporate venturing stints at Bauer Media and Microsoft.
Agirman joins Mitsubishi Electric Automotive
Mitsubishi Electric Automotive America has hired Steve Agirman as director of new ventures after four years of corporate venturing at Schneider Electric.
Venn presses start with $17m
BDMI was among the investors in a seed round raised in preparation for the launch of Venn’s gaming and esports television network next year.
Vouch fills pouch with series A funding
SVB Financial Group co-led a $24.5m round for startup insurance provider Vouch Insurance that will help it pursue geographical expansion in the US.
Corporate venturing deal net: 30 September-4 October 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Wenzel dazzles with new role at SoftBank
SoftBank has named Ralf Wenzel CEO of Latin American incubator Tech Hub, tasking him with forming alliances and joint ventures with SoftBank Vision Fund portfolio companies.
Sompo Japan Nipponkoa parks up in Akippa
The insurance provider helped parking space sharing platform Akippa take its overall funding from $22m in June last year to almost $33m.
IronSource confirms $400m CVC investment
Access Industries-backed mobile engagement software provider IronSource has raised at least $400m from CVC Capital Partners at a valuation topping $1bn.
Vice to take ownership of Refinery29 for $400m
WarnerMedia, WPP, Discovery Communications and Scripps Networks Interactive will exit the digital media company in a cash and share acquisition.