Novo Ventures becomes second corporate venturing unit to back US-based FoldRx Pharmaceuticals.
Category: Firms
DeNA sets up social gaming fund
Japan-based online gaming group DeNA to fund corporate venturing on back of rising revenues and as peer Zynga receives minority investment from SoftBank.
IBM seeks double deal agreements
Computer maker IBM seeks strategic investor-backed Storwize deal while agreeing Coremetrics purchase following joint venture.
Slingshot Labs founders start Beachmint
Diego Berdakin and Josh Berman gain $5m venture funding for Beachmint after leaving News Corporation’s incubator, Slingshot.
Softbank bets on Zynga games investment
Japan-based Softbank Corporation joins venture capital firms in supporting social media gaming group Zynga with near-$150m investment.
Tesla sets price for $1.4bn flotation
Global Corporate Venturing analysis of Securities and Exchange Commission (SEC) filing reveals benefits to Daimler and Toyota from owning shares in US-based electric car maker Tesla Motors.
Two-thirds of PicoChip’s strategic investors publicly reinvest
Samsung and Intel back UK-based PicoChip’s $20m sixth funding round.
Trimble buys some of Definiens’ assets
Former corporate venture-backed Defininens sells location software to focus on healthcare.
JDS prepares to exit its Fabrinet holding
Thailand-based manufacturer Fabrinet in New York flotation to allow strategic investor JDS Uniphase to sell down its minority holding.
Attributor gains fourth round of funding
Online content licensing software company Attributor takes its funding to more than $25m.
Reliance Venture graduates to winning streak
Reliance Anil Dhirubhai Ambani Group’s corporate venturing unit hits third deal in three months by backing Gradatim IT Ventures.
Castlight Health gains strategic investors in $60m series C
Wellcome and Cleveland Clinic join other investors in backing Castlight’s bumper third round.
Synopsys eats Synfora’s chip assets
Synopsys buys Synfora’s assets for reportedly less than venture funding had provided.
Soonr rather than later for HighBar to join
HighBar joins strategic investors in Soonr funding