Subsidiaries of 3M and Caterpillar have both backed smart industrial hardhat developer Guardhat, boosting its overall funding to $24m.
Author: Callum Cyrus
Landray beams up DingTalk funding
Alibaba has backed smart enterprise tools provider Landray through its DingTalk communication app office, building on earlier collaborations between Landray and the corporate’s AliCloud unit.
DMM registers $89m fund
Internet and e-commerce company DMM.com views its new venture capital fund as complementary to its M&A investments.
Togo rides with SIG for series B2 round
Car sharing platform Togo increased its total funding to $72m in an SIG-backed series B2 round that followed a $26m round in January.
MTG moves towards corporate venturing
MTG Corporation’s newly formed MTG Ventures unit will pour about $44m into startups developing technologies that could disrupt industries including health and beauty.
News round up 8 October 2018
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Rethink Robotics grinds to a halt
Industrial robot producer Rethink Robotics had raised $136m from backers including GE Ventures but has ceased trading after failing to close a planned acquisition deal.
CloudKnox locks up funding with help from Dell
Network security software developer CloudKnox Security disclosed $10.8m in funding in conjunction with the launch of its inaugural product.
Google moves Onward for acquisition
Alphabet subsidiary Google has bought RGA-backed customer service chatbot developer Onward to integrate the latter’s AI tools with its own technology.
Vacasa buys itself an Oasis
Holiday accommodation booking service Oasis Collections has been picked up by Vacasa after raising $35m in funding from investors including Hyatt and AccorHotels.
Strivr arrives at $16m funding round
Virtual training software provider Strivr increased its total funding to more than $23m, having previously raised money from the NFL and BMW.
News round up 1 October 2018
A round up of all the news on www.globalcorporateventuring.com for our subscribers.
S7 plots trajectory of $50m fund
Russia-based air carrier S7 Airlines is lining up a $50m fund having already tested the waters with $10m of corporate venturing investments.
KptnCook sails into seven-figure round
Miele Venture Capital supplied an undisclosed amount of funding for KptnCook, developer of a blended recipe and grocery shopping app.