Tom Zhang, an engineering partner at corporate venturing unit GV, has taken the chief data scientist position at VC firm Sinovation.
Author: Robert Lavine
Droom drills through to $30m series D
Toyota Tsusho and existing backer Digital Garage have co-led a series D round for the automotive e-commerce marketplace at a reported valuation of up to $700m.
Cisco seeks external CVC fund
Cisco, which has invested through its own unit for 25 years, will be the anchor investor in a fund with a nine-figure budget for enterprise software deals.
Adaptive Insights advances toward public markets
The Salesforce-backed business planning software producer has filed for a $100m initial public offering having raised $176m in VC funding.
Legend Capital to operate third healthcare fund
The $157m fund will be the Legend Holdings-backed venture firm’s second RMB-denominated healthcare fund and its third overall.
Orbbec absorbs more than $200m
Ant Financial led the motion sensor and advanced camera developer’s latest round, which included fellow corporate Fosun.
Corporate venturing deal net: 14-18 May 2018
Seven Ages, a China-based company that produces live musicals based on western properties, raised an undisclosed amount last month in a series B+ round led by e-commerce firm Alibaba’s Live Entertainment Business Group, it revealed yesterday. The round, described by Seven Ages as the largest single investment ever in China’s musical industry, included existing investor… Continue reading Corporate venturing deal net: 14-18 May 2018
Play2Live applies $2m to strategic fund
The unit will provide up to $150,000 in funding for gaming or eSports projects in Eastern Europe.
Lykke ventures to Blockchain Valley
Blockchain Valley Ventures has launched an incubator and VC investment vehicle with support from Lykke Corporation.
Parsable parks $40m in its account
Existing investors Airbus and Saudi Aramco were among the participants in a series C round that lifted Parsable’s overall funding to $68m.
Canopy stretches its latest round to $42m
Tenaya Capital and Nyca Partners added $12m to a round already containing Wells Fargo Strategic Capital, taking Canopy’s total funding to $72m.
PayPal picks up iZettle in $2.2bn transaction
Intel Capital, Mastercard, American Express and Santander will all exit in the deal, which more than doubled iZettle’s valuation in five months.
FogPharma advances to $66m series B
6 Dimensions Capital led a round for the miniprotein drug developer that included Nan Fung, GV and WuXi AppTec Corporate Ventures.
MemSQL stores $30m
GV came onboard as an MemSQL investor in a series D round that took the intelligent database developer’s funding to $115m to date.