The online training platform developer increased its overall funding to more than $29m with a series C round led by Axa Venture Partners.
Month: April 2020
VenBio visits corporates for $394m third fund
Undisclosed pharmaceutical companies were among the investors in the venture firm’s third fund, which will target biopharmaceutical developers.
Corporates back Malaysian investor matching initiative
Meet Your Match Malaysia will look to connect investors with startups that require funding to get through the coronavirus crisis.
Airbnb cuts valuation to $26bn
The Alphabet-backed short-term accommodation portal has internally trimmed its valuation from $31bn amidst Covid-19 restrictions as it fields investor interest.
Posco helps Cytovant source funding
Posco Capital was among the participants as Cytovant, an Asia-focused spinoff from Roivant Sciences, secured $23.5m a year after it was launched.
V-Capital vies for Xiaoneng’s series C
The customer service chatbot provider closed a $17.6m round led by Huaxi Holdings subsidiary V-Capital.
Seiko Epson seeks out corporate venturing deals
The printing technology provider has set aside $46.7m and teamed up with Global Brain to set up the Epson X Investment unit.
Seegrid gets $25m from G2VP
Seegrid, which counts Giant Eagle as its largest investor, has received funding from venture firm G2VP at a nine-figure valuation.
Phantom AI scares up $22m
Ford Motor and KT both contributed to a series A round that increased the total raised by the driver assistance technology developer to $27m.
Editorial: The solution is in our hands
It is always worth listening to Josh Lerner, professor at Harvard Business School when he emails: “If innovation is going to happen, it is going to need to be the entrepreneurial firms that do it.” Smart asset managers, such as Ray Dalio, who set up the $150bn Bridgewater Associates and sets out his admirably clear… Continue reading Editorial: The solution is in our hands
Corporate venturing deal net: 30 March-3 April 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Dynacure scoops $55m in series C round
Perceptive Advisors led a $55m round for Ionis-backed rare disease drug developer Dynacure following a 2018 round that was the same size.
The greatest explosion of managers
It is hard to find points of light at a time when American unemployment claims hit a record 6.6m last week, on top of 3.3m the week before, due to the economic disruption caused by coronavirus.
CVC in the Time of Coronavirus: Girish Nadkarni, Total Carbon Neutrality Ventures
Total Carbon Neutrality Ventures’ international outlook has eased the switch to remote working somewhat, and opportunities are available for careful investors.