Weekly corporate venturing deal net 14 September – 18 September 2015
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Swiss lead the way in innovation
Swiss innovation like clockwork as Global Innovation Index 2015 report places Switzerland at the top of the table for fifth year running.
Fundraising
Kingdee has joined forces with Guosen Securities to launch a mobile internet fund.
SNSK targets healthcare technology
Shiv Nadar & Sanjay Kalra Associates will seek to buy out products and platforms.
Exits
Aleyant is Keen on acquisition
Aleyant has purchased the web-to-print technology from Keen, which has been backed by IDG-Accel.
IT
The location data analysis software producer has increased its total funding to date to $31m following a series B round backed by Salesforce.
Argus Cyber Security will use the funding to hire more developers as demand for safe car connectivity is increasing.
Intel has led a funding round for business intelligence technology provider WebAction.
Investors travel to Adara for $23m series C
Thayer-backed Adara has raised cash to support global expansion efforts, focusing particularly on Asia.
Nextbit picks up Dentsu funding
Dentsu has injected an undisclosed sum in smartphone manufacturer Nextbit, which previously obtained series A funding from Google and Accel.
New Call acquires Access-backed Ozone
Telecoms firm New Call has spent an undisclosed sum to purchase wifi provider Ozone.
The company’s technology enables developers to integrate audio and video chat into their software.
Intel’s corporate venturing arm has revealed it backed eight startups in China covering a range of sectors from big data to robotics.
Hola connects to Iris for series C
Orange and Publicis-backed Iris Capital has led a $17m round for video distribution network Hola.
Sports team management tool provider TeamSnap previously secured funds from media company Torstar.
Health
Google has Oscar covered with $32.5m
Google’s growth-equity fund has invested in the health insurance provider, boosting Oscar’s total funding to more than $350m.
Omada Health looks after $48m series C
GE, Humana, Norwest, Providence Health & Services, and Qualcomm and Novartis-backed Drx Capital are among the investors in Omada’s series C.
Alector generates $32m series C
The company, which is developing treatments for neurodegenerative diseases such as Alzheimer’s, has received cash from Google and Merck.
Corporates help diagnose Ativa’s $15m series B
Ping An, Fosun, SK Group, LabCorp, Dian Diagnostics and Gimdx have contributed funds to a $15m series B round for Ativa Medical.
Kyruus matches investors to $25m series C
McKesson, Fidelity and Providence Health and Services contributed funds to the healthcare IT company’s latest round.
Nurix inks $150m deal with Celgene
The two companies will collaborate on small molecule therapies for oncology, immunology and inflammation.
GlaxoSmithKline-backed RegenXBio filed for its initial public offering last month when it expected to raise up to $100m.
The biopharmaceutical company has signed an agreement with an unnamed pharmaceutical firm after it raised a $34.4m series A round.
Media
Webedia steers $16m series B for Moviepilot
Publishing group Webedia has been joined in the round by fellow corporate Deutsche Telekom and other existing investors.
News Corp makes Unruly acquisition
Media conglomerate News Corp has agreed to purchase Unruly for up to $176m, providing an exit to BGF.
Axel Springer explores Business Insider acquisition
Media company Axel Springer currently holds 7% and may acquire a majority stake for several hundred million dollars.
Consumer
HappyFresh puts $12m in its trolley
The food delivery service has received funds from Sinar Mas as well as corporate-backed Beenext and 500 Startups.
Corporates help deliver $35m to Zhai.me
Online-to-offline platform Zhai.me, which targets the student population, has welcomed back Bertelsmann and added Meituan to its list of corporate backers.
Enjoy tucks in to $15m series C
IDG-backed Enjoy enables consumers to book high-end dining deals in several Chinese cities.
The food subscription service has increased its total funding to nearly $280m.
3Songshu dishes up $47m series D
3Songshu has secured capital from Li Feng’s Frees Fund, after he previously led IDG’s investments in the company.
Financial
Second-hand vehicles platform Credr has obtained $15m in series A funding through its parent company Incredible Technologies.
Chain links with corporates for $30m series B
Blockchain technology provider Chain has attracted Visa, Orange, Fiserv Nasdaq, Citi, and Capital One to its latest funding round.
Social media network Renren led the round for the investment platform that donates 10% of its revenue to charities.
Fundera collects $11.5m series B
Susquehanna Growth Equity has led a funding round for Fundera, which operates a loan comparison website for small businesses.
Energy and Natural Resources
Enbala’s $3m funding is Obvious
The investment from Obvious Ventures follows an $11m series C round in March 2015 that included GE and Edison Energy.
Enevate energises $30m series C
Backed by Sumitomo, Enevate plans to use the money to begin mass production of its lithium-ion batteries.
Industrial
Axelspace orbits $15m series A
Mitsui and Sky Perfect Jsat have contributed funds as part of a commitment to enter into a collaboration agreement.
Transport
Lyft journeys to China for investment
Didi Kuaidi has been named as a backer of its peer Lyft’s $680m series E closed in May 2015, alongside Alibaba, Tencent, Rakuten and Icahn.
Ola goes on $500m series F drive
The ride-hailing service is in the process of securing another round of funding only a few months after closing a $400m series E.
Legend helps chauffeur $550m to UCar
Legend has backed the series B round, after it had previously been reported to be investing in the series A round.
Tencent injected an undisclosed amount of capital in the electric car manufacturer earlier this month.
Didi Kuaidi confirms $100m Lyft investment
After Didi Kuaidi was revealed earlier this week to have backed Lyft, it has now confirmed the deal was worth $100m and preceded a partnership agreement.
Services
Langrich goes to EnglishCentral
Language tutoring service Langrich is set to be acquired by EnglishCentral, providing an exit to KLab.
Susquehanna Growth Equity has led a $30m round for Field Nation, the first outside investment since the platform’s founding in 2008.
Fidelity helps deliver $12.6m to Packlink
Eight Roads Ventures has led a series C round for logistics services provider Packlink.
Property marketplace Compass is gearing up to expand into more US cities and considering more acquisitions.
O’Reilly Media-backed LearnZillion has created cloud-based educational software aimed at primary and secondary education teachers.
Telecoms
Afrimax phones up investors for $120m
Mitsui has led a funding round for Afrimax as the telecoms company gears up to expand into several countries in Africa.