Fosun Venture Capital, the corporate venturing unit of the eponymous China conglomerate, is pumping tens of millions of dollars into social media marketing, namely with its recent series B investment in Kongming.
Author: Katherine Steiner-Dicks
DeNA takes stake in Between
DeNA, a Japanese games site operator, has acquired a minority stake in South Korea-based VCNC, developer of the social communication app Between.
Back to school for Silicon Valley Bank, MasterCard
To access new, commerce-focused technology, Silicon Valley Bank and MasterCard have teamed up to launch Commerce.Innovated, an accelerator programme for startups.
Wayra makes waves in China
Wayra, the incubator and accelerator network of Spain telecommunications Telefónica, is now spreading its wings to China. Wayra has to date had a strong presence in Europe and Latin America, which makes this particular partnership significant and a sign of stronger Sino-Latin relations in the telecommunications and software application sectors. With this agreement now set,… Continue reading Wayra makes waves in China
T-Venture trades up with Teqcycle
T-Venture, the corporate venture capital unit of Deutsche Telekom Group, is making more than just an investment in Teqcycle, a disposal and recycling of ICT products company; it is also increasing public awareness for trade-in opportunities for used mobile phones.
Nokia Growth Partners places bets on PubMatic
Ranked by Deloitte as one of the fastest growing companies in the US Internet sector in both 2012 and 2013, PubMatic, an advertising platform company, has raised $13m in a deal led by Nokia Growth Partners (NGP). The latest investment brings the company’s funding to date to $76m.
ViSenze snaps up $3.5m in series A
Rakuten Ventures, the corporate venturing unit of Japanese electronic commerce and Internet company, Rakuten, has led and invested in a $3.5 m series round of funding that will accelerate R&D activities with strategic partner ViSenze, an online visual search technology company.
17u sails off with $82.5m
Holiday makers and business travellers from China will have more destinations and offers to choose from now that online travel agency, 17u (also known as TongCheng) has raised $82.5m in expansion capital. The corporate venturing unit of Tencent has taken part in the series C round, as has Oriza Holdings and Boyu Capital.
All fun and games in $21.5m Joyme.com deal
Fosun Venture Capital Investment, the corporate venturing unit of Chinese industrial conglomerate Fusun Group, has led a $21.5m series B round of funding for game portal operator, Joyme.com. Fosun is no stranger to the gaming world, having already invested in gaming sites Perfect World and LineKong.
Fosun sees bright future in Uniquedu
The corporate venturing unit of China-based conglomerate Fosun Venture Capital Investment has invested $16m in a series A round of funding of Uniquedu. The target company is a China-based software education developer that specialises in training software development for professionals and project management in the areas of mobile Internet, cloud computing and Internet marketing. News… Continue reading Fosun sees bright future in Uniquedu
Smart Education music to CyberAgent’s ears
Smart Education, a children’s education software application company from Japan, has raised $5.4m from the corporate venturing unit of CyberAgent and Infinity Ventures. The company is behind the music app “Rhythm Book” for smartphones and tablets. The company raised the capital to launch new apps and expand its global operations and sales. At the time… Continue reading Smart Education music to CyberAgent’s ears
TutorGroup makes the grade in $100m series B round
The corporate venturing unit of Chinese e-trader Alibaba Group, Temasek and Qiming Venture Partners have invested in a $100m series B round of funding for a China-based tutoring company. The target company, TutorGroup, forecasts the adult English language-learning segment alone within China is growing at 25% annually, and will grow to more than US$21bn by 2016.
CA Technologies makes LP play with IDG Ventures India
CA Technologies, an IT management software maker from the United States, has made a strategic investment in venture fund IDG Ventures India. For CA, the investment is part of a larger strategy to get access to India start-ups building innovative enterprise software that could be potential targets for acquisition.
Chrysalix backs Axine’s series A
Chrysalix Energy Venture Capital has reinvested in Canadian wastewater treatment company Axine Water Technologies in a series A deal worth $5.6m, making it the largest water and wastewater series A financing in North America in the past year and one of the largest internationally in the last two years.