US-based supply chain management software developer Qmerit closed a $11.8m funding round on Wednesday backed by investments units of energy management technology provider Schneider Electric and utility Innogy. The corporates were joined by private equity firm Strandview Capital, which led the round. Schneider Electric contributed from an unspecified vehicle and Innogy participated through its Innogy… Continue reading Corporates help put together funding for Qmerit
Author: Callum Cyrus
Anellotech melds remainder of $15m round
Suntory has released a $6m tranche to take its overall investment in chemical processing technology developer Anellotech to $30m.
Bayer and UC Davis seed agtech incubator
University of California, Davis (UC Davis) and pharmaceutical firm Bayer have teamed up to start the Crop Science CoLaborator incubator for agriculture and food-tech related businesses. The incubator will span 3,000 square feet at Bayer’s Innovation Hub for Crop Science in West Sacramento, with enough adaptable floor space for eight to 10 researchers and essential… Continue reading Bayer and UC Davis seed agtech incubator
SiFive receives $50.6m series C instructions
SiFive, a US-based fabless provider of customised semiconductors, received $50.6m yesterday in a series C round that featured multiple corporates. SK Telecom, part of diversified conglomerate SK Group, wearable device maker Huami and computer storage vendor Western Digital all participated in the round, co-led by spinout-focused investment firm Osage University Partners, Sutter Hill Ventures and… Continue reading SiFive receives $50.6m series C instructions
News round up 3 April 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Arraiy arrives with $10m
SoftBank Ventures co-led the special effects software developer’s series A round, which included another corporate venturing unit, Dentsu Ventures.
Free Electrons sparks second cohort
With the support of ten energy utilities, Free Electrons will accelerate energy-related developments in IoT, smart grids and efficiency technology.
Novo notes 2017 corporate venturing results
The pharmaceutical company injected more than $2bn into life science businesses in 2017 and recorded 14 exits.
Agility keeps pace with $8m
The robotic leg developer secured the funding in a series A round featuring Sony Innovation Fund that will support product development.
Employment Hero swoops for new funding
Recruitment portal Seek co-led a $6.1m round that included existing backer AMP, with the capital to go to hiring and research and development.
Snap draws up PlayCanvas acquisition
DC Thomson Ventures led the 3D game development platform’s seed round four years ago, and has exited through an acquisition by Snap.
Zoop processes Movile cash
Movile provided $18.3m for Zoop and plans to integrate the company’s payment technology across its mobile commerce business.
Geodesic hits up Hitachi for $165m fund
Geodesic Capital is raising a supplementary fund that aims to open up the Japanese market for US-based startups, and has secured Hitachi as a limited partner.
Everledger polishes up series A round
Rakuten and Bloomberg Beta have backed a $10.4m round for Everledger, the developer of a tracing system for precious resources.