AI software development tool provider Paperspace got backing from Intel Capital in a series A round that will support its upcoming product launches.
Author: Callum Cyrus
Meltin shows mettle in corporate-backed round
Sumitomo Dainippon Pharma, Dai-ichi Life ans SBI all invested in a $17.7m round for robotics devloper Meltin MMI, after a $2.1m series A last year.
Amazon puts $10m into Closed Loop
The recycling-focused Closed Loop Fund has secured funding from Amazon, following earlier commitments by a host of other corporates.
Yottaa opens up $11m mezzanine front
Intel-backed Yottaa boosted its total funding to almost $64m as it prepares to take its e-commerce web performance tools into international markets.
Corporates buy a stake in Homeday’s series B round
Purplebricks and Axel Springer both took part in a $22.8m round for online real estate marketplace Homeday, taking board seats in the process.
UIP mobilises $15m in funding
Urban Infrastructure Partner, which provides bicycle sharing services for municipal clients in Norway and Scotland, raised the cash from Møller Mobility and Selvaag Invest.
Kepler caps series A at $16m
Deutsche Bahn subsidiary DB Digital Ventures has participated in a round that will support the growth of Kepler Communications’ satellite internet network.
NeuCloud manufactures series B funding
NeuCloud has landed $14.4m for its industrial IoT services business, having previously raised funding in Eisoo-backed rounds in 2015 and 2016.
LetsTransport loads up $12m
Fosun RZ Capital supplied $5m for trucking services provider LetsTransport, which reportedly already counts GMO, Flex, CBC Group and Mitsui Sumitomo Insurance as backers.
Blockfolio locks up series A funding
Cryptocurrency portfolio management platform Blockfolio has won backing from digital currency exchange operators Bitmex and Huobi in an $11.5m round.
Turnitin marks Gradescope for acquisition
Gradescope has paid an undisclosed amount to acquire schoolwork analysis software developer Turnitin, which had raised more than $5m from investors including Bloomberg.
Clearmatics signs for $12m series A
XTX Ventures participated in a series A round for blockchain technology developer Clearmatics that was led by Route 66 Ventures.
Apollo helps HealthXCapital launch $25m fund
Apollo Hospitals is among the contributors to the fund, which will back innovative health technology developers in South and Southeast Asia.
News round up 15 October 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.