Existing investor Itochu led the consumer credit provider’s latest round, boosting its overall funding to $80m.
Author: Robert Lavine
The Motley Fool launches $100m fund
The financial advice provider has formed a venture capital vehicle called Motley Fool Ventures that is targeting a $100m close.
Cyberdyne assembles corporate venturing fund
The robotic exoskeleton producer has raised an initial $81.9m for the fund, which has secured several corporate LPs.
Ant Financial helps throw Snowball $120m
Investment-focused online community Snowball Finance has raised series D funding from Ant Financial that will support hiring and product development.
Corporates find Next deal in $83m series B
Munich Re, Nationwide and American Express returned for a round that boosted the insurance platform’s total funding to more than $130m.
Corporate venturing deal net: 9-13 July 2018
Telecommunications firm AT&T invested an undisclosed amount in US-based augmented reality technology developer Magic Leap on Wednesday, completing a $963m series D round featuring media companies Axel Springer and Grupo Globo, e-commerce group Alibaba, internet technology provider Google and Saudi Arabia’s Public Investment Fund. The previous close valued Magic Leap at $6.3bn, according to TechCrunch,… Continue reading Corporate venturing deal net: 9-13 July 2018
Yahoo Japan cooks up $84m Dely deal
Yahoo Japan is paying $83.7m for a 45.6% stake in online recipe platform and portfolio company Dely, which has several other corporate backers.
Tiger Brokers takes $80m in series C
The Xiaomi-backed digital brokerage closed the round at a valuation of more than $1bn and will spend the cash on hiring and R&D.
SoftBank’s Misra makes plans for $250m fund
Kabir Misra, managing partner at SoftBank Investment Advisers, is raising up to $250m for a fund in which SoftBank will be anchor investor.
Compass finds way to $132m series A close
Alexandria Venture Investments and Biomed Realty Ventures were among the investors as the immunotherapy developer closed the round’s final tranche.
GoGoVan picks up $250m
Cainiao and 58 Daojia both contributed to the first round closed by the delivery services marketplace since its merger with 58 Suyun last year.
Sensyn settles funding with Itochu
Itochu Technology Ventures was among the investors in a $10.8m round closed as the drone technology developer rebranded from V-Cube.
Startups to get Ironclad investments
Ironclad Brewery expects to invest between $25,000 and $50,000 in about eight startups a year through its newly formed unit.
Wayra Brasil finds five more
Wayra Brasil, a Brazil-based accelerator subsidiary of telecommunications company Telefónica, made investments in five local startups that had entered its year-long program last month. The portfolio companies in question include Back4App, the developer of an easy-to-use application development system, and Getup Cloud, which allows users to deploy, manage and scale applications on any platform. App… Continue reading Wayra Brasil finds five more