The SoftBank-backed ride sharing company has now raised $740m in under two years, and will use the cash to fund an expansion push in Southeast Asia.
Big Deal: Carbon3D shapes $100m series C
The company, backed by Google and Autodesk, is the first 3D printing technology developer to raise a nine-figure round, and could herald the next stage in the sector’s evolution.
Weekly corporate venturing deal net 17-21 August 2015
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Fundraising
F50 and Garage combine for $100m fund
F50 Garage Venture Fund II plans to make up to 100 early-stage investments in the next three years, and its backers are seeking $100m from limited partners.
Corporate360 turns to startups
The marketing software company has launched a $500,000 incubator in India that will invest $20,000 in each startup taking part in the programme.
Rocket Internet to form $1.1bn growth fund
The fund would enable the Germany-based e-commerce group, which went public in October 2014, to make later-stage investments.
Omers networks with Cisco for $260m Fund II
Omers Ventures, the venture capital division of the Omers pension fund, has closed its second fund at $260m after securing Cisco Investments and BMO as LPs.
University Ventures puts $136m in its coffers
The venture firm appears to have downsized its second fund, which has secured Bertelsmann as an anchor investor, to $136m.
People
The former nuclear propulsion submarine officer has joined Google Ventures as a partner from Andreessen Horowitz, having spent time at Morgan Stanley and Oracle.
Exits
SynCardia to transplant itself to public markets
The Delta Electronics-backed company, which has developed an artificial heart for transplants, has filed for a $40m initial public offering on Nasdaq.
Spredfast gets social with Shoutlet
Spredfast has bought social marketing platform developer Shoutlet, which had raised almost $30m in financing, giving insurer American Family an exit.
RegenXBio to generate $100m in IPO
Gene therapy developer RegenXBio, backed by investors including GlaxoSmithKline, has so far raised more than $110m in venture funding.
IT
Datameer compiles $40m in series E funding
The big data technology producer has now raised about $77m after closing a round featuring existing backers Software AG and Citi Ventures.
Google and Nvidia-backed MapD is developing big data analytics technology capable of visualising up to one billion tweets in real time.
Tencent’s $50m investment in Kik valued the messaging app developer at $1bn and increased its overall funding to more than $115m.
Mirantis, which provides services for business software OpenStack, has raised almost $200m in total from backers including Intel, Ericsson, Dell and Red Hat.
Siklu connects to $18m series D
Sercomm joined backers including returning investor Qualcomm to fund the wireless technology company’s series D round.
Vicarious gets direct with Samsung and Wipro
The corporates have invested sub-$20m amounts in artificial intelligence technology company Vicarious and are working with the company on joint projects.
Health
Burning Rock heats up with $23m
Legend Holdings has contributed to a $23m series A extension for the biotechnology company, boosting the round’s total to $32.7m.
Evolve to grow with $9m series A
Existing investor Tate and Lyle returned to back Evolve BioSystems’ latest round, which will fund pre-commercialisation activities for its probiotics products.
Helix forms around $100m of cash
Newly launched genomics company Helix has secured investment from founding partners including Illumina, and additional cash from strategic partner Mayo Clinic.
The nucleic acid drug developer previously secured $18m in a series A round backed by contract research company SNBL in February 2015.
JD and IDG help Shanghai Pharmaceuticals subsidiary to $174m
Shanghai Pharmaceutical Big Health Yunshang, formed in March with $100m of its parent company’s cash, has raised another $174m in a round backed by JD.com and IDG Capital.
BioMed helps drop $44m on Genalyte
Genalyte’s diagnostics platform is able to deliver blood test results from a single drop of blood within 15 minutes in a doctor’s surgery.
Google’s corporate venturing unit led a round that boosted Zephyr Health’s overall funding to more than $33m.
Media
Online gaming services provider Curse has revealed it has secured $52m in the past year, including $30m from Riot Games last month.
Gadgets 360° reviews funding round
NDTV subsidiary Gadgets 360°, which offers technology device news and reviews, has attracted an undisclosed amount from backers including One97.
Deezer listens out for investors at $1.1bn valuation
The ProSiebenSat.1 and Access Industries-backed music streaming service is considering another equity round or an initial public offering to raise more cash.
Buzzfeed consumes $200m from NBCUniversal
NBCUniversal has confirmed the investment in the online media company, which has now raised almost $300m in total from backers also including Hearst and SoftBank.
Consumer
Snapdeal confirms $500m round as eBay cuts stake
Alibaba, Foxconn and SoftBank co-led the round, originally reported earlier this month, while eBay partially exited the India-based e-commerce company.
Ring successfully sounds out investors for $28m
American Family and Shea Ventures co-led the smart doorbell developer’s series B round with Richard Branson, founder of conglomerate Virgin.
Beverage company Coca-Cola has acquired a minority stake in organic drinks company Suja Juice as part of a distribution deal.
Both of the online grocer’s existing corporate backers, Garena and Softbank, returned for its latest round and were joined by Far East Organisation.
Financial
Microfinance firms Accion and Lok Capital were among the investors in a $25m round for IFMR, which provides financial services to remote Indian communities.
Energy and Natural Resources
The NRG-backed energy management service provider has closed the first part of a $6m series C round that would increase its overall funding to almost $18m.
The solar module manufacturer has now raised more than $200m, after King Saud University joined investors including SunPower, Spirox and GAF.
Agrivida harvests $23m series D
The agricultural biotechnology company has closed its series D round, having closed a $12m first tranche in January this year.
StoreDot raises $18m for electric vehicle division
The specialty materials developer, which has now secured $66m in total, has raised funds from backers including Samsung that will support an electric vehicle battery unit.
Industrial
IDG crowns $172m Royole series C
Royole, the developer of an ultra-thin flexible display, raised the cash in a round featuring International Data Group’s Chinese venture capital affiliate.
Monsanto and Syngenta returned as part of a consortium that increased AgBiome’s overall funding to $49m as it prepares to launch a fungicide next year.
Transport
GrabTaxi confirms $350m series E
China-based Didi Kuaidi is the surprise investor in its Southeast Asian counterpart, which reports last week suggested was set to raise $400m.
Tata Opportunity Fund takes $100m ride on Uber
Tata, which sponsors the fund, has joined an investor base that as of earlier thus month also includes another India-based conglomerate, Times Group.
Services
Sina Weibo vists Shijiebang for series B
Online travel agency Shijiebang has secured an undisclosed amount in series B capital, having previously received funding from backers including Fosun.
SIG checks into HotelGG’s $20m series B
China-based HotelGG operates a conference venue booking platform and claims to process more than 12,000 orders each month.
The drone manufacturer and software developer, which is backed by Google and Qualcomm, has now raised more than $38m since it was founded.
Newmark Grubb Knight Frank enters Hightower
Leasing platform Hightower has revealed commercial real estate services firm Newmark Grubb Knight Frank is among its backers.