IdKids, Econocom, Bayard and Hachette Livre were among the limited partners to contribute to the $53.1m first close of edtech-focused Educapital’s venture capital fund.
Author: Callum Cyrus
Body Labs achieves acquisition result
Intel Capital has exited 3D body scanner developer Body Labs in an acquisition by Amazon reportedly sized at about $70m.
Angaza powers up series B round
Salesforce Ventures participated in a $10.5m round for off-grid solar system producer’s Angaza, taking its overall funding to more than $16m.
Kinova clasps $20m
Foxconn has contributed to a $20m round for robotic arm technology developer Kinova that was led by BDC Capital.
iCubesWire to connect startups to funding
The marketing software producer will channel $3m into early-stage startups, with a focus on artificial intelligence and progressive automation targeting vertical markets.
Minio mints $20m series A
The object storage technology developer has secured funding in a round that was co-led by Dell Technologies Capital and backed by Intel Capital.
BMW grasps DSP Concepts in $10m round
BMW i Ventures has led a series A round for DSP Concepts, the creator of software that helps developers add voice control to their products.
Mahindra senses Cloudleaf for $13m series A
Industrial internet-of-things technology developer Cloudleaf will use the proceeds from its Mahindra Group-backed series A round for innovation and product commercialisation.
Intel Capital reaches $1bn in AI investments
The unit has pumped in more than $1bn into artificial intelligence developers, Intel CEO Brian Krzanich revealed earlier this week.
ThinkCerca writes up series B round
TAL Education and existing investor Follett Corporation were among the participants in a $10.1m round that took the total raised by the critical skills learning platform to $14.8m.
Luno pockets $9m series B round
The digital wallet operator has raised $9m in a series B round that will help consolidate its product launch in 40 different markets.
Credit Suisse creates impact investment unit
The newly formed Impact, Advisory and Finance unit will fund products or services that benefit societies as well as supporting the bank’s philanthropic advisory services.
Li to focus on Baidu Capital
Jennifer Li, CEO of Baidu’s corporate venturing arm, has stepped down as the group’s chief financial officer, with Herman Yu joining from Weibo to take the role.
Seraphim Space Fund blasts off with $95m
Seraphim Capital’s space-focused VC fund has achieved a $95m close with contributions from SES, Airbus and Telespazio.