Snoot Entertainment helped Star Citizen developer Cloud Imperium secure $17.3m in funding having invested at a $496m post-money valuation in 2018.
Month: March 2020
OneWeb files for bankruptcy
The move came after the satellite wifi service developer reportedly failed to raise $2bn from investors including existing backer SoftBank Vision Fund.
Microsoft agrees $1.35bn Affirmed Networks purchase
Vodafone, Deutsche Telekom and Qualcomm are all set to exit the mobile network technology producer, which had raised just over $140m.
Plenty prepares to raise $100m
The indoor farm operator, which has already raised $400m, is in talks with existing investor SoftBank Vision Fund for a round likely to value it at up to $1bn.
Dremio drops $70m series C funding details
The data management software provider has now secured a total of $115m, Cisco Investments returning to back its latest round.
Shiratronics sharpens series A to $36m
Shiratronics added $3m from Breakout Ventures to a LivaNova-backed round that will support clinical development of its neuromodulation-based migraine treatment.
Redpin receives series A funding
Takeda Ventures and Alexandria Venture Investments contributed to the $15.5m first close of the gene therapy developer’s series A round.
Mann+Hummel follows Second Nature to series C
Mann+Hummel was among the investors for a $16.4m round that brought air filter subscription service Second Nature’s overall funding to nearly $35m.
Analysis: Ride-hailing apps in demand
Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last month.
Infosys extracts itself from Waterline Data
Infosys’s stake in the data organisation platform developer, which has raised $24.5m, has been dissolved in an acquisition by Hitachi Vantara.
Corporate venturing deal net: 23-27 March 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
CVC in the Time of Coronavirus: Lisa Lambert, National Grid Partners
Lambert told GCV she believes investors will continue to back portfolio companies, but the inability to meet potential portfolio companies on the ground will hinder new investments.
MiningLamp ramps up with $300m
The big data technology provider increased its overall funding to $786m in a Tencent-led round that also featured fellow corporate Kuaishou.
Natel Energy nets $11m in series A
The sustainable hydro turbine developer has now raised a total of at least $46m, with Schneider Electric Ventures leading its latest round.