In a keynote speech at the Global Corporate Venturing Symposium, Issam Dairanieh, managing director of BP Ventures, explained how the unit was created out of the decision its parent company made to focus more heavily on alternative energy.Subsequently founded in 2007, BP Ventures operated as part of plans for BP to spend $8bn over the course of… Continue reading News focus: BP uses venturing as a route to innovation
Author: Gemma Jamieson
BP uses corporate venturing as a route to innovation
Establishing BP Ventures in 2007 has enabled the petroleum company to explore alternative energy and energy digitisation, the unit’s managing director explained to an audience at the Global Corporate Venturing Symposium yesterday.
Darby Smart comes into fashion for CAA
The online fashion site has now secured $7m, after talent agency CAA joined Novel Group among its backers.
Qualcomm to bid for portfolio company Wilocity
The chip maker, backed by both Qualcomm and semiconductor manufacturer Marvell, could be the subject of a $300m bid.
Finance data platform Addepar analyses $50m series C
Addepar has now raised over $65m, after investment by Korea Telecom and LS-backed Formation 8.
Business Growth Fund moves into TCL
Property management firm TCL has secured $17m in funding from the bank-backed fund alongside $14m in debt.
BuildingIQ to be raised with series B
The energy management software company is reportedly seeking an amount “consistent” with its $9m series A.
Ceterix tools up for $18m series B
Novo reinvested in the surgical tool maker as it closed a debt and equity round that will be used to commercialise its product.
CryoTherapeutics closes series A at $9.1m
CryoTherapeutics, a Germany-based system developer of treatments for coronary artery disease, has raised €3.5m ($4.9m) in an extension of its series A round that was led by venture capital firm Peppermint Venture Partners via its Charité Biomedical Fund. The second tranche also included participation from German development bank KfW. CryoTherapeutics secured €3m ($4.2m) in the… Continue reading CryoTherapeutics closes series A at $9.1m
Mastercard starts up European accelerator
The payment services company will select up to eight companies for the 12-month programme.
Evariant takes $18m in series B round
Salesforce.com featured in a Lightspeed Partners-led round that increased Evariant’s overall funding to over $26m.
Highway1 to invest $750,000 in class of 2014
The PCH-owned incubator will invest $50,000 in each successful graduate, and has increased the size of its class from 10 to 15.
Melas-Kyriazi finds his Spark
Venture capital firm Spark Capital has appointed John Melas-Kyriazi, most recently the CFO of StartX, as one of its investors.
Google X spinout Flux raises $8m series A
The green building design tools company was backed by Google’s corporate venturing arm, along with venture capital firms.