Intel Capital exited the spatial sound technology developer through an acquisition by Google in December last year.
Month: April 2021
Analysis: Lilium to lifts up on $3.3bn reverse merger
Vertical take-off and landing jet developer Lilium went public by joining forces with Nasdaq-listed SPAC.
Accenture goes local with Global Ventures
The UAE-based venture firm will help consulting group Accenture explore the innovation ecosystem in the Middle East, the two having already joined forces for edtech and fintech research initiatives.
BlackBerry sets up $50m fund
The fund will provide portfolio companies with cash and access to BlackBerry’s customers as well as access of up to $100,000 in AWS credits.
Qingsong Fund brings in $153m
Time Publishing and Media has invested in Qingsong Fund’s latest renminbi-denominated fund, which has now closed.
Corporate venturing deal net: 29 March-1 April 2021
Each week the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Emerging Leaders Q&A – Marta Pinho, Amadeus Ventures
Emerging Leaders Q&A – Marta Pinho, investment manager, Amadeus Ventures
Japan’s venture ecosystem accelerates
Japan’s corporate venturing ecosystem never slowed down through the covid-19 crisis last year and has been increasingly aggressive in its international investment strategy, with insurer Sompo’s $540m investment in US-based data analytics firm Palantir a notable example as well as cross-border specialist firms, such as Pegasus and Nobuyuki Akimoto’s new fund of funds, AT Partners, gaining investor backing.
Corporates buy into Biren’s series B round
Country Garden Venture Capital, New World Group and Ping An co-led a round for the computing system developer likely sized around the $425m mark.
Glovo covers $529m funding delivery
Returning investors Drake Enterprises and Delivery Hero took part in a late-stage round boosting the local delivery service’s valuation to a reported $2.35bn.
Plus expands latest round to $420m
Full Truck Alliance, SAIC Capital and Quanta Computer contributed to a $220m extension for the automated truck developer’s latest round.
FirstCry trots to $315m in funding
Several investors exited the SoftBank and Mahindra-backed, infant-focused e-commerce platform in a primary and secondary round valuing it at $2bn.
Tonal gains $250m in series E round
The Amazon and CAA-backed home fitness technology provider was valued at $1.6bn in a series E round that took its total funding to $450m.
Next Insurance nets $250m
CapitalG has reinvested in the online insurance provider in a round valuing it at $4bn and pushing its total funding past the $880m mark.