Parent companies Z Holdings and Line Corporation are set to merge in a $30bn deal, meaning their corporate venturing subsidiaries could be in line to also join forces.
Month: November 2019
Fireside Ventures warms up second fund with $60m
The consumer-focused venture firm has raised $60m for the first close of the L’Oréal-backed Fireside Fund II on the way to a $100m target.
Initial Recommendations for Improving DEI within CVC Deal Flow Pipelines and Portfolios
Diversity, Equity and Inclusion (DEI) report October 2019
Medikabazaar levies corporates for series B round
Toppan Printing, Mitsui Sumitomo Insurance, Elan Corporation and CBC Co all invested in a $15.6m round for medical suppliers e-commerce platform Medikabazaar.
Ekar secures series B funding
Conglomerate Al Yemni Group helped car hire service Ekar close a $17.5m round that will support its entry into Saudi Arabia as it looks to expand across the Middle East.
CL Educate clears startup funding
The education services provider is set to invest $4.2m in university-based startups in support of open innovation platform Wain Connect.
Siemens fixes MultiMechanics acquisition
Solvay Ventures is set to exit prototyping software developer MultiMechanics after Siemens agreed to buy the company in a deal of undisclosed size.
Burr busies herself with Carrot role
Smoking cessation service Carrot has hired Busy Burr as president and CEO, months after she left Humana after setting up its corporate venturing arm.
Vision Fund II accomplishes $2bn first close
The second Vision Fund has reached its first close, though the sum is a far cry from the $108bn in MOUs it secured from potential backers earlier this year.
Roche procures Promedior in $1.39bn deal
The fibrotic disease drug developer, which had raised $50m from investors including Shire, will be bought for $390m upfront and up to $1bn in milestone payments.
Ball bounces from Qualcomm to GR
Venture firm GR Capital has hired Jason Ball, a former managing director at corporate venturing unit Qualcomm Ventures, as its latest partner.
iQiyi Intelligence smartens up with series A funding
The iQiyi-incubated VR and AR tech developer has raised $14.2m in an Addor Capital-led series A round that will be used to boost its product offering.
OPay ropes in corporates to raise $120m
The Opera spinoff received the cash in a round featuring Meituan Dianping, SoftBank Ventures Asia and Bertelsmann Asia Investments.
Bill.com bids for $100m in IPO
The Fleetcor, Mastercard and American Express-backed business finance software provider has raised more than $275m in venture funding.