Gree-backed Streem has been bought by Frontdoor, which will integrate its augmented reality-based remote home services technology into its own offering.
Month: December 2019
Analysis: Acquisition numbers rebound but dollars lag
The number of acquisitions of companies that have received corporate backing had been decreasing over the past few years but by the end of October this year it registered a rebound.
Infinitum Electric grabs Chevron for series B
Chevron Technology Ventures supplied part of the $12.5m in series B funding secured by electric motor technology developer Infinitum Electric.
Corporate venturing deal net: 2-6 December 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds
Chrysalix accrues corporates for second RoboValley close
Caterpillar, J-Power and South32 joined several existing corporate backers, as the venture firm’s RoboValley Fund moves towards a $120m target.
Kaiser Permanente Ventures caps fifth fund at $141m
Tufts Health Plan, Henry Ford Health System and Highmark Health all chipped in as care provider Kaiser Permanente’s corporate VC unit closed its latest fund.
Figure finds $103m in series C round
MUFG Innovation Partners contributed to a round that boosted the valuation of the blockchain-based lending platform to $1.2bn.
Roche polishes Black Diamond’s $85m series C
The cancer drug developer emerged from stealth with $194m in funding, $85m of which was just closed in a round featuring returning investor Roche Venture Fund.
Corporates corral Vertex fund to $730m
Japanese investors including Marubeni, SMBC and ABeam Consulting have collectively provided $180m for Vertex Master Fund II, which has a $770m target.
Flow floats to $37m series B
Fung Capital-backed cross-border services business Flow won the backing of American Express Ventures in a round that will fund platform development and hiring.
Duolingo converses with CapitalG for $30m
Language teaching app Duolingo has received series F funding from existing backer CapitalG and is now valued at $1.5bn.
Relay relishes $30m investment
Private equity firm LLR Partners has invested in the Actua and Independence Health-backed customer engagement software provider, taking its total funding to $58m.
Lightning Systems motors to $41m
The electric powertrain manufacturer has secured $41m in equity, debt and working capital in a round led by corporate venturing unit BP Ventures.
CarDekho collects $70m
The automotive e-commerce and services portal was reportedly valued at $700m in a series D round led by Ping An Global Voyager Fund’s first Indian deal.