Aser Ventures, a UK-based investment platform specialising in sports, media and entertainment and founded by Andrea Radrizzani in 2015, has agreed to merge two of its portfolio companies. UK-based Eleven Sports is expected to acquire for an undisclosed amount US-based sports media platform Team Whistle and cement a collaboration that developed after what was then Whistle Sports… Continue reading Aser to merge Eleven Sports and Team Whistle
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Aurora shops for Foodsmart
Foodsmart, a US-based meal planning and online food ordering application, has raised more than $25m in its series C round from a consortium led by Advocate Aurora Enterprises, a new corporate venturing subsidiary of local health system network Advocate Aurora Health. Foodsmart’s C round also included venture capital firms Mayfield Fund, Seventure Partners (Health for Life Capital), New… Continue reading Aurora shops for Foodsmart
Tencent rings healthcare deal
China-listed gaming group Tencent has reportedly led the $31m round in local healthcare company PrimeCare as its portfolio company, Qingsong Huzhu, a crowdfunding platform for ill people to raise money, reportedly shuts down. In mid-2016, China-based social networking crowdfunding service Qingsong received approximately $20m in a series B+ round featuring Tencent, IDG Capital Partners, then… Continue reading Tencent rings healthcare deal
Ping An voyages to Snapsheet
Snapsheet, a US-based virtual claims software vendor, has raised $30m in its series E2 round from a consortium co-led by Ping An Global Voyager Fund, the corporate venturing unit of China-based insurer Ping An, and venture capital firm Pivot Investment Partners. Existing investors including insurers Nationwide and Liberty Mutual and VC firms Intact Ventures, Tola… Continue reading Ping An voyages to Snapsheet
Fishbrain swims to $30m
Fishbrain, a Sweden-based social network for fishermen, has raised SKr263m ($30.3m) to broadly double its investment. B Capital Group, the independent corporate venturing unit for consultants BCG, Japan-listed conglomerate Softbank, software provider Consensus and Adrigo Asset Management provided the money. Prior to this round, Fishbrain had raised about $37m, according to Nordic9.
Truist Ventures supports Greenwood
Greenwood, a US-based digital banking platform for black and Latino individuals and business owners, has raised $40m in its series A round from a handful of local banks and led by Truist Ventures, the corporate venture capital division of New York-listed Truist Financial. The other banks included Bank of America, PNC, JPMorgan Chase, Wells Fargo and Popular,… Continue reading Truist Ventures supports Greenwood
State Street finds road to Lukka
Lukka, a US-based producer of crypto asset software, has raised $53m in its series D round just three months after closing its C round led by financial services provider State Street. Participants in the latest round include hedge fund Soros Fund Management, index provider S&P Global, and CPA.com, a subsidiary of the American Institute of… Continue reading State Street finds road to Lukka
Synaptic Medical finds G round
Synaptic Medical, a China-based cardiac electrophysiology company, has raised nearly $60m in its series G round from a consortium including technology company Susquehanna International Group (SIG). Huagai Capital led the round, which also included Bio Venture Capital as reported by 36Kr. Haoyue Capital is financial adviser.
Ikea maps way to What3words
Ingka Group, the owner of most Ikea furniture stores, has invested £12m ($16m) in What3words, a UK-based geolocation technology developer. What3words gives every square is given a unique three-word name to create a global address system. Ingka Group’s investment arm Ingka Investments in a statement said: “Unlike a regular street address, which points to a… Continue reading Ikea maps way to What3words
Slack’s Lattice raises $60m
Lattice, a US-based employee management platform developer backed by enterprise communications software provider Slack, has raised $60m in its series E round led by hedge fund Tiger Global. VC firms Thrive Capital, Shasta Ventures, Founders Fund, Frontline Ventures, Fuel Capital and Khosla Ventures, and several angel investors, joined the round. The new investment brings Lattice’s… Continue reading Slack’s Lattice raises $60m
Ikea shops for Matsmart
Matsmart, a Sweden-based discount food e-commerce platform, has raised SKr350m ($41m) from a consortium of local investors including retailer Ikea’s corporate venturing unit. Alongside Ingka Group in the round, led by SEB Private Equity and Gullspång Re: food Invest, were existing shareholders Northzone, Norrsken VC, Novax and LeadX Capital. The funding will be used for international expansion of its food recycling service.… Continue reading Ikea shops for Matsmart
Amazon leads C round in MyGlamm
US-listed online retailer Amazon has made its first corporate venturing deal in an India-based consumer company through an investment in direct-to-consumer beauty brand MyGlamm. Amazon alongside local tech company Wipro and venture capital firm Ascent Capital led the 175 crore rupees ($24.1m) series C round in MyGlamm, which reportedly values the company at more than… Continue reading Amazon leads C round in MyGlamm
To place one’s heart, ie to trust, is at the centre of the financial system
The Latin credere – believe or trust – is the root for credit and hence much of finance.
Industrious finds space for CBRE
CBRE Group, a US-listed real estate services company, has acquired a 35% stake in local co-working space provider Industrious. CBRE paid about $200m in cash for primary and secondary shares in Industrious and said it would buy another 5% stake in the company in the next few weeks, lifting its stake to 40%. It is also… Continue reading Industrious finds space for CBRE