On-demand ride service Uber has taken an equity stake of undisclosed size in US-based mobile car buying platform Fair.com as part of a deal that involved Fair acquiring Uber’s vehicle leasing business, Xchange Leasing, the Wall Street Journal has reported. Fair will take more than 30,000 vehicles with a book value of about $400m through… Continue reading Corporate venturing deal net: 25-29 December 2017
Author: Robert Lavine
Chushou reaches next level with Google investment
Google has supplied $76.8m in funding to mobile game livestreaming platform Chushou TV, which had raised $58m in January.
SoftBank consortium agrees multibillion-dollar Uber deal
SoftBank itself will come out with a 15% stake in Uber as part of a primary and secondary deal that looks set to top $8bn.
Nordisk Film ventures to Multiverse
Multiverse, the operator of gaming platform Kogama, has received an undisclosed sum from Nordisk Film, which took a 40% stake.
Trocafone triggers $15m funding round
MercadoLibre has invested in the Latin America-based consumer electronics exchange, which counts Wayra as an earlier investor.
Axiata canters to Cambodia
The telecoms firm’s $5m Smart Axiata Digital Innovation Fund has provided funding for Morakot Technologies, Aniwaa and Joonaak Delivery.
Four startups reach Consensys
The blockchain technology producer’s corporate venturing unit, Consensys Ventures, has invested in BlockFi, Unikrn, Pryze and an unnamed fourth startup.
Legal & General finds an Upside
Upside Energy, the operator of a cloud energy management system, has raised $7.4m in a series A round co-led by Legal & General Capital.
HPE heads for an exit in Keen IO acquisition
Scaleworks has paid an undisclosed amount to acquire data API developer Keen IO, which had raised $30m, allowing Hewlett Packard Enterprise to exit.
Zurich Insurance packs up Bright Box
Leta Capital has exited connected car platform developer Bright Box, three years after it invested $1.5m in the company.
Starry stacks up $31m
The IAC-backed internet service provider is targeting $55m for the round and has now raised $94m altogether.
Dialog Axiata digs up $15m for fund
Dialog Axiata Digital Innovation Fund, formed by telecoms firm Axiata’s local subsidiary, is Sri Lanka’s largest ever corporate venturing fund.
Intuition interacts with Mirai in $6m round
Companion robot developer Intuition Robotics has raised $6m in a round featuring Mirai Creation Investment, backed by existing Intuition investor Toyota.
Corporates rev up WM Motor
Tencent and China Minmetals have contributed to a round for smart EV developer WM, which already counted Baidu and SIG as investors.