Air, a US-based cloud collaboration tool for visual content cofounded by Stanford University graduates Shane Hegde and Tyler Strand, has raised $12m in its series A round from a consortium including media corporations Slack and WndrCo. WndrCo is a media holding company founded by Jeffrey Katzenberg behind the Quibi short-form video service, and Slack runs… Continue reading Corporations breathe life into Air deal
Month: September 2020
Applied remembers Antaios deal
Antaios, a France-based provider of computer memory, has raised $11m in a round including Applied Ventures, the corporate venture capital unit of US-based chip maker Applied Materials. French venture capital firms Innovacom and Sofimac Innovation led the round with additional financing from state-owned Bpifrance. Founded in 2017 after a decade of research at Spintech, Antaios provides spin-orbit torque magnetic random-access memory… Continue reading Applied remembers Antaios deal
Prowly markets sale to SEMrush
Prowly, a Poland-based public relations communications technology provider backed by marketing agency Bluerank, has been acquired by supplier SEMrush for an undisclosed amount. Bluerank along with Internet Ventures FIZ, managed by Private Equity Managers Group, invested $1.1m in Prowly in early 2017. Joanna Drabent, CEO & co-founder at Prowly, said: “We have known SEMrush for a long time,… Continue reading Prowly markets sale to SEMrush
Gamers gather for Bunch
Bunch, a US-based party application for multiplayer games, has raised $20m in its series A round from a consortium of peers including Electronic Arts, Krafton (PUBG), Mixi, Take-Two Interactive Software, Ubisoft, Supercell, Riot Games, Miniclip and Colopl. Venture capital firm General Catalyst led the round, with additional investors including VC peers LVP, Northzone, Streamlined Ventures,… Continue reading Gamers gather for Bunch
Amazon selects five from its $2bn fund
Amazon, a Nasdaq-listed retailer, has picked the first recipients of investments from its $2bn Climate Pledge Fund. The Climate Pledge is a commitment to be net-zero carbon by 2040. The first five companies for the fund are: CarbonCure Technologies, a portfolio of carbon removal technologies that consume carbon dioxide (CO2) in concrete; Pachama, a climate technology… Continue reading Amazon selects five from its $2bn fund
Fintech fantastic
My thanks to Ken Gatz, CEO at deal management software platform Proseeder, for running the past two days’ pitch events covering sustainability and mobility on 22nd and financial and deep technology yesterday.
Robinhood collects $660m series G
A month after receiving an initial $200m tranche from D1 Capital Partners, Alphabet and Roc Nation-backed Robinhood has increased its series G round $660m.
Next Insurance times $250m series D
CapitalG has led a $250m series D round for Next Insurance, while Munich Re also returned for the deal that increased the workplace insurance provider’s total funding to $631m.
WeWork sells China business for $200m
Trustbridge Partners has acquired a majority stake in WeWork China, a SoftBank-backed company that was at one point valued at $5bn.
Corporates help ship $200m to Xingyun
Xingyun has picked up $200m in a series C round co-led by Taikang Insurance, Shanghai United Media Group and Highlight Capital, while GLP and C&D Group also invested.
Goat sneaks into $100m series E
Foot Locker-backed sneaker marketplace Goat Group has completed a $100m round from D1 Capital Partners, bringing its overall financing to almost $300m in five years.
RoadRunner blazes into series C extension
Avery Dennison and Valo Ventures both invested to lift recycling service provider RoadRunner’s series C total to $38.9m.
XWPharma takes in $40m series C round
Existing investors Johnson & Johnson and WuXi AppTec have returned to take part in the neurological drug developer’s latest funding.
NextCapital seeks out $30m round
The Manulife Financial, AllianceBernstein and Transamerica-backed financial planning service pushed its lifetime funding to $85m with a round featuring FP Credit, Oak HC/FT and IA Capital Group.