Corporate venturing deal net: 24-28 September 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Campana receives $40m in series B funding
The fibre optic network operator raised the cash in a round co-led by Mitsui, and is looking to add a $40m debt facility.
Fundraising
Invenergy’s CVC arm converts to $150m Energize fund
Invenergy Future Fund has been rebranded as Energize Ventures and closed a $150m fund that includes GE, Schneider Electric and WEC Energy as LPs.
Antai accesses corporates for funding
Mutua Madrileña and Banco Sabadell’s InnoCells unit provided half of a $23.2m round for Antai Venture Builder.
7 Global grows with ProSiebenSat.1 help
ProSiebenSat.1 has taken a 25% stake in a fund being raised by growth equity firm 7 Global Capital, which is halfway to its $150m target.
FoodShot to make $30m funding impact
FoodShot Global, set up by partners including Rabobank, is looking to supply $10m in equity funding and $20m of debt to innovative food startups.
SoftBank and TPG take up $300m Chinese fund
SoftBank Ventures Korea has partnered TPG Growth to establish the $300m China Ventures Fund I.
Exits
Viomi connects to Nasdaq in flotation
The home IoT platform floated at the foot of its range to raise almost $103m, while Xiaomi will retain a 16.4% stake in the company.
Alexion flexes muscles with $1.2bn Syntimmune acquisition
Alexion will pay $400m upfront for Baxalta-backed Syntimmune, with up to an additional $800m on offer if the autoimmune disease drug developer hits all its milestones.
Grubhub takes Tapingo in $150m deal
Grubhub agreed to acquire student-focused food delivery app Tapingo, which had raised $36m from investors including Qualcomm Ventures.
SurveyMonkey surges to $180m IPO
The online survey platform, which counted Alphabet and Salesforce as investors, floated above its range while increasing the number of shares in the IPO.
PhaseBio looks to enter public markets
Johnson & Johnson and AstraZeneca will get a chance to exit the orphan disease therapy developer, which has filed for an $86.3m IPO.
Vonage nets NewVoiceMedia in $350m acquisition
Salesforce Ventures will exit cloud communications software provider NewVoiceMedia, which had raised more than $140m in venture funding.
The JD.com and Advance Publications-backed fashion e-commerce platform raised more than $670m while its investors sold $212m of shares.
Canopy Rivers hashes out public listing
Canopy Rivers, the corporate venturing unit spun out of cannabis grower Canopy Growth, has gone public through a reverse merger.
IT
Salesforce hits Highspot in $35m round
Sales enablement platform Highspot has closed a series C round led by Salesforce Ventures, bringing its overall funding to $64m.
The software-testing automation technology developer took its total funding to $30m with a GV-led series B round.
Telstra helps Singular sink $30m
The marketing data software provider increased its overall funding to $50m in a series B round featuring returning investor Telstra Ventures.
Health
The EEG system developer raised the series B funding from investors including UCB and LivaNova and will use it commercialise its lead device.
PharmEasy formulates $50m funding deal
PharmEasy took its total funding past the $100m mark, six months after collecting some $30m from investors including Manipal Education and Medical Group.
Novo has co-led the series B round together with Omega Funds, adding to a $51.5m series A co-led by GlaxoSmithKline and Pfizer in 2016.
DSM makes Miach in series A round
DSM Venturing co-led a $22.5m round for Miach Orthopaedics, which is developing an implant to treat ACL injuries.
Dentsu goes with gut in $83m uBiome round
Microbial diagnostics and wellness product developer uBiome has received series C funding in a Dentsu Ventures-backed round.
SI-Bone to connect itself to public markets
The Novo-backed medical implant provider has filed to raise up to $97.8m in an initial public offering that comes after $103m in funding.
Corporates reach Coda in $19m series A
Novartis and Astellas Venture Management both invested as the gene therapy developer announced its first external funding.
MeMed mixes corporates in $70m round
Ping An Global Voyager Fund, Clal Insurance, Phoenix Insurance, Caesarea Medical and Foxconn all backed the diagnostics technology developer.
Ooda shoots for series A funding
The healthcare communication platform developer has closed a $40.5m round backed by several health insurers and care providers.
Celgene fronts Silverback in series A round
Silverback Therapeutics, which is developing drugs that will only act at the site of disease, has closed a $47.5m round backed by Celgene.
IDx identifies corporates to raise $33m
The diabetes diagnosis technology developer harnessed Heritage Provider Network and Optum Ventures for its latest round.
Media
SoftBank bids to invest in ByteDance
SoftBank is reportedly among the interested investors as digital media company ByteDance targets $3bn at a $75bn valuation.
Moviebook adds another chapter of funding
The adtech developer has added more than $29m to the $199m it raised in a SenseTime and SBCVC-backed round last month.
Consumer
Honestbee reveals financial truths
The food and grocery delivery platform has raised $46m in the past three years from investors including LS Group.
ICY heats up with series A cash
Fosun RZ Capital has led a series A round for designer clothing e-commerce platform ICY.
SoftBank Vision Fund has contributed to an initial $800m tranche, with more than half of the round allocated to Oyos expansion across China.
Swiggy switches to Tencent as it targets $700m
The online food delivery service has reportedly entered talks with Tencent to raise money at a valuation of $2.5bn or more.
Financial
Liqid gets series C investment
The Berliner Volksbank-backed digital wealth manager has secured almost $39m in a Toscafund-led funding round.
Stripe stacks $245m in new funding
Alphabet, Visa and Amex are all investors in the payment technology provider but none took part in the latest round, which valued it at $20bn.
Mastercard and American Express backed the online consumer finance provider in a series A round co-led by Dawn Capital and DN Capital.
Scratch ratchets up funding to $17m
JPMorgan Chase is one of the investors in the loan servicing platform, which just revealed it has raised $17m in funding.
CoolBitX stores $13m in funding
The company, which just released a new version of its cryptowallet device, revealed it has raised $13m from backers including SBI and Bitmain.
Origami scans corporates for series C funding
Nihon Unisys, Mitsui Sumitomo Card Company, Union Pay, JCB and Credit Saison all backed a $66.6m round for the mobile payment platform.
Certify sorts Captio acquisition
Expense management platform Captio has been acquired by Certify for an undisclosed sum, providing exits to Bankinter and Banco Sabadell.
Transport
Axa XL has contributed to an $18.5m round for autonomous vehicle technology developer Oxbotica that was led by IP Group.
Daimler takes a ride in Heycar
Heycar, the online automotive marketplace set up by Volkswagen, has raised an undisclosed amount of equity funding from Daimler, in return for a 20% stake.
Naspers and Temasek are discussing an investment of $1bn in Ola that would value the ride-sharing firm at $7bn to $8bn.
Services
SoftBank enters Opendoor with $400m
Real estate marketplace operator Opendoor has received $400m from SoftBank’s Vision Fund, which could be succeeded by a new $100bn fund every two or three years.
Shanxiuxia fixes series B funding
The Huishoubao-backed electronics repair service raised $11.7m at a $145m valuation in a round led by SanXiaXinTai Fund.
CapitalG joins Convoy for $185m series C
Trucking services platform Convoy increased its total funding to $265m in a CapitalG-led round that valued it at $1bn.
Job Today eyes tomorrow and raises $16m
The second tranche of an Astremedia and Channel 4-backed series B round increased it to $36m, as hiring platform Job Today looks to UK growth.
All Dream comes true in series B
TAL Education’s Win-Win Fund co-led a $17.5m round for All Dream Network Technology, operator of a coding education platform.