The venture capital firm, which was founded by Nokia in 2005, is dropping the firm’s name from its branding.
Author: Robert Lavine
Chase lands WePay for up to $400m
Rakuten has exited payment processing platform WePay in an acquisition by JP Morgan Chase for between $300m and $400m.
Pwnie Express picks up $8m
The MassMutual Ventures-backed IoT security software provider has now raised $28m altogether.
Norsk Hydro plots course for Corvus
Lithium-ion battery producer Corvus Energy has received an undisclosed amount of funding from Norsk Hydro, which has taken a 25.9% stake.
Big Deal: SpaceX shows space is the place
The Alphabet-backed spaceflight operator has extended its latest round to $450m, indicating the continued investor interest in space technologies.
Hellobike reaches $350m in new round
WM Motor and Ant Financial both participated in the round, a month after Hellobike merged with fellow bike sharing platform Youon Ditan.
Xiaomi expects a 2018 IPO
The Qualcomm-backed electronics manufacturer is reportedly seeking a $50bn valuation for the offering and has initiated talks with banks.
Corporate venturing deal net: 20-24 November 2017
KaHa, the Singapore-based wearable internet-of-things product developer also known as CoveIoT, has received $4.5m in a round that included a $500,000 investment by Titan, a jewellery retail subsidiary of conglomerate Tata Group, Tech in Asia reported on Tuesday. The round also featured Spring Seeds Capital, the venture capital arm of state-owned agency Spring Singapore, and… Continue reading Corporate venturing deal net: 20-24 November 2017
DG Lab enters Blockstream
Blockstream has raised cash from DG Lab Fund I, the investment vehicle formed by Digital Garage and Daiwa Securities, taking its total funding to $80m.
Inagora inks $68m series D deal
Itochu, KDDI and SBI Holdings have all invested in the cross-border mobile commerce platform to increase its total funding to $109m.
Crescent creates $150m venture capital arm
The UAE-based conglomerate has diversified into direct VC investments, and will put half the cash into MENA-based companies.
Grail grows series B to $1.2bn
Illumina’s cancer diagnostics spinout, which is backed by a host of corporate investors, reached the $900m first close of the round in March.
Phoenix swoops for Yidian Zixun investment
Phoenix New Media has invested $57.6m in primary and secondary share purchases to hike its stake in the personalised news app to almost 47%.
Lyft lines up $500m more in funding
The ride hailing platform would add the prospective capital to the $1bn series G round led by corporate investor CapitalG last month.