International financial transfer platforms TransferWise and Remitly each announced nine-figure rounds last week, highlighting the growth of the sector.
Author: Robert Lavine
Corporate venturing deal net: 30 October-3 November 2017
US-based fabless semiconductor startup Wiliot completed a funding round of undisclosed size yesterday that included Qualcomm Ventures and M Ventures, the corporate venturing arms of chipmaker Qualcomm and pharmaceutical firm Merck Group, which took its overall funding to $19m. Wiliot had previously raised $14m in a January 2017 series A round featuring venture capital firms… Continue reading Corporate venturing deal net: 30 October-3 November 2017
Annoroad reaches corporates for $105m
The genome sequencing services and technology provider raised the cash in a round co-led by Ping An Ventures that included SBCVC.
Synopsys reveals $565m Black Duck acquisition
Software management technology provider Black Duck Software had raised more than $70m in funding from investors including Intel, Siemens and Red Hat.
SenseTime seeks $500m in series C round
The Dalian Wanda-backed deep learning technology provider is aiming to raise the funding at a $2bn valuation.
City Cloud hosts corporates to raise $30m
Cisco Investments and Country Garden Holdings have co-led the cloud computing and big data technology provider’s series B round.
Kaltura clears path for 2018 IPO
The Intel, Mitsui and Nokia-backed video software producer is talking to banks for an initial public offering tentatively planned for next year.
Chehaoduo checks off $180m
Chehaoduo, the Shougang Group-backed operator of used car marketplace Guazi, has raised $180m in its series B+ round.
TransferWise traps $280m in series E round
Mitsui has come on board as an investor, in a round that valued the cross-border financial transfer platform at $1.6bn.
Milwaukee corporates commit $10m to startup initiatives
Northwestern Mutual and Aurora Health Care have each put $5m into respective VC vehicles Cream City Venture Capital and InvestMKE.
Innoviz increases series B to $73m
Samsung Catalyst and SoftBank Ventures Korea added $8m to the $65m previously supplied by investors including Magna, Delphi Automotive, Delek and Naver.
CAA experiments with Creative Labs venture
The talent agency has launched a startup studio that is equipped with $12.5m of cash from investors including Telegraph Media and Entertainment One.
Sistema and Tanncam prescribe $14m for Netmeds
Online pharmacy Netmeds has raised $14m in a round featuring Sistema Asia Fund that follows $50m in financing secured two years ago.
Xiaozhu houses $120m in funding
The Bertelsmann-backed short-term accommodation platform has received $120m in a round that valued it at $1bn or more.