AAA September 2020 – Page 4

Month: September 2020

SigmaSense touches on Foxconn-led round

SigmaSense, a US-based touchless screen technology, has raised $22m in its series A round from a consortium led by Taiwan-based manufacturer Foxconn Technology Group. Other investors in the A round included glass maker Corning, electronic paper display technology provider E Ink, liquid crystal display maker LG-MRI, Global Inkjet Systems (GIS) and former Dell chief financial officer Tom… Continue reading SigmaSense touches on Foxconn-led round

Auto consortium drives to Aurora Labs

Aurora Labs, an Israel-based remote software management service for car makers, has raised $23m in its series B round from a consortium including automotive manufacturers, electronics and technology corporations and venture capitalists. The B round was jointly led by LG Technology Ventures, the corporate venturing unit of South Korea-based LG Group, and Marius Nacht, co-founder… Continue reading Auto consortium drives to Aurora Labs

Servify cycles into $23m C round

Servify, an India-based device lifecycle management platform, has raised $23m in series C round including multiple corporate venturing units. Strategic investors included Sparkle Fund, an investment unit of DMI Finance, SF Roofdeck Capital, part of investment bank FT Partners, Go Ventures, telecommunications company Go’s investment unit, and Madhu Kela Family Office as well as venture capital firms Beenext, Iron Pillar,… Continue reading Servify cycles into $23m C round

Thomas H Lee comes in for Phytech

Phytech, an Israel and US-based digital farming automation and data provider backed by China-owned Tencent and Syngenta’s corporate venturing units, has raised $23.5m in a series C round including private equity firm Thomas H Lee Partners. THL and existing, undisclosed anchor investors provided the money. In October 2017, Phytech closed an $11m series B round… Continue reading Thomas H Lee comes in for Phytech

Hopscotch jumps to $25m round

Hopscotch, an India-based e-commerce company selling babycare products that is backed by internet holding company Jabbar Internet Group, has raised $25m in its series D round. Investors in the round included Lionrock Capital, Rise Capital, RPG Ventures and IIFL Seed Ventures as well as angels Eduardo Saverin’s EE Capital, Wei Yan and Atul Nishar’s Techpro… Continue reading Hopscotch jumps to $25m round

Boehringer Ingelheim predicts success with Libra

Libra Therapeutics, a US-based drug developer targeting neurodegenerative diseases, has raised $29m in its series A round co-led by Boehringer Ingelheim Venture Fund (BIVF), the corporate venturing unit of Germany-based pharma group Boehringer Ingelheim. The other co-leads were venture capital firms Epidarex Capital and Santé, with participation from VCs Yonjin Venture, Dolby Family Ventures and… Continue reading Boehringer Ingelheim predicts success with Libra

Immotor adds utility to C round

Shenzhen Immotor Technology, a China-based electric bike and battery provider, has reportedly raised hundreds of millions of Chinese yuan in a series C1 round from a consortium including China Southern Power Grid Capital, a state-owned utility. Other investors in the C round included venture capital firm Idinvest Partners, Pksha Sparx Algorithm Fund, Asia Green Fund,… Continue reading Immotor adds utility to C round

Corporate venturing deal net: 21-25 September 2020

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Senior CVC moves

Congratulations to Mike Cavanagh at Comcast for taking up the reins of its ventures unit after Amy Banse’s decision to retire next year.