NetEase, SoftBank, Time Warner, Madison Square Garden, Dick Clark Productions, Citic Guoan, Founder Group and Comcast have all exited the VR viewing platform at a reduced valuation.
Month: May 2020
Coronavirus effect clearly visible in April
Monthly analysis: April 2020
Corporate innovation with venture studios
Comment TM Ravi, managing director, The Hive
Dathena secures $12m in series A round
MS&AD Ventures returned for a round that will help data compliance technology provider Dathena beef up its headcount and research and development activities.
Analysis: Waymo drives forward with $3bn
US-based autonomous driving technology Waymo, a spinoff from internet conglomerate Alphabet, received $750m in extension equity financing, taking its round to $3bn.
Spark Systems cashes in series B2 funding
Citi, HSBC and Goldman Sach contributed to a $10.5m round for the forex trading platform developer in a round set to fund training and product development.
Corporate venturing deal net: 11-15 May 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Handling down rounds is “complicated, risky and adversarial”
It has been nearly a decade since down rounds in venture capital – effectively one where the value of the startup has declined even though more money has gone into the business – were common.
Legend Biotech embarks on IPO quest
Genscript Biotech’s subsidiary Legend Biotech, which agreed to an investment worth nearly $151m from Eli Lilly and Johnson & Johnson last month, has filed to go public.
DigitalOcean dives into $50m series C
Five years after leading an $83m series B round, Access Industries has returned to also lead a $50m series C round for DigitalOcean that is now valued at $1.15bn.
Commsat sets up $38m series B
Aviation Industry Corporation of China invested in the industrial internet-of-things satellite operator Commsat’s latest round to bring its overall funding to $68.2m.
Chavez rises further with move to KKR
Spencer Chavez, a GCV Rising Stars 2020 winner, has stepped down from his position as principal at Salesforce Ventures to join KKR.
Wallbox covers extra series A capital
An Iberdrola-backed series A round for Wallbox has reached a $24.8m second close to fund the EV charging business’s expansion in North America and China.
Clear Labs experiments with $18m round
GV and Tyson Ventures invested in an $18m funding round for Clear Labs that has now raised $62m altogether from backers also including Dentsu and Tencent.