Weekly corporate venturing deal net 2 November – 6 November 2015
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Brooks moves centre stage, as ‘Silicon Valley icon’ Sodhani bows out
When asked about the state of the market in venture, Intel Capital’s Wendell Brooks said he anticipated the public markets to open up for private companies which had been “patient”.
Intel Capital on the verge of $500m year
Intel reveals it is on track for one of its biggest years yet, as Arvind Sodhani gave his final public appearance as head of Intel Capital.
Fundraising
Corporates commit capital to CMC
China Media Capital has attracted Alibaba and Tencent as investors for its $1.6bn CMC Holdings fund.
Chernin puts Asia fund in stone
Chernin Group and KKR have jointly set up Emerald Media, which will back entertainment companies in Asia.
Revelstoke basks in $303m fund
The oversubscribed fund has been backed by a range of unnamed insurance companies.
Microsoft launches Vietnam accelerator
The Clas-Expara Vietnam accelerator will offer a four month programme during which Microsoft will assist with the development of go-to-market strategies.
Mirai Creation Investment, a collaboration between Toyota, Sumitomo Mitsui and Sparx, will invest in startups working on advanced automotive technologies.
500 Startups boosts Southeast Asia fund again
The fund, reportedly backed by Genting and GS Home Shopping, has been increased to $22m.
People
She previously served as senior vice president of Scheer and Company, a firm she had joined in 2000.
Exits
The classified listings website, spun out of eBay, is seeking a flotation on Chinese stock exchange National Equities Exchange and Quotations.
Showroomprive raises $282m IPO
Vipshop-backed online fashion retailer Showroomprive floated below its range, selling individual shares at $2.25 below target.
China Huarong celebrates $2.3bn IPO
State-owned debt management firm China Huarong Asset Management raises $2.3bn in its IPO, falling short of its $3bn target.
Fidelity-backed biopharmaceutical company Kura floated on Nasdaq yesterday and will use proceeds to fund clinical trials.
Anoto composes Livescribe acquisition
Smart pen maker Livescribe is set to be bought by peer Anoto for $15m, providing an exit to Qualcomm, Sumitomo and others.
IT
ClearSky Data shines with $27m series B
The data storage company, which emerged out of stealth mode in August, has added Akamai to its shareholders.
Corporates energise Bidgely series B
Exelon, E.On and RWE are among the backers of a $16.6m series B round for energy usage analytics provider Bidgely.
Juhe.cn analyses $34m series B
The data analytics company has raised funding from a consortium including JD.com and expects to proceed to an initial public offering next.
Health
Prep Biopharm arranges $32.4m series A
HVivo and Johnson & Johnson have co-led a series A round to support a clinical trial for a preventative treatment of colds and flus.
GSK helps treat Atreca to $56m
The therapeutic antibodies developer has closed its series A round backed by GlaxoSmithKline.
Biogen has co-led a $42.5m series B round for the developer of treatments for muscular dystrophy.
Media
Singapore Telecommunications-backed Pokkt operates a mobile video advertising service in Southeast Asia and India.
WakingApp’s series C dream becomes reality
Youzu Interactive and an unnamed internet company have contributed funds to a $4.3m round for augmented reality technology provider WakingApp.
Interlude gets a break with Samsung investment
Samsung Ventures has made a strategic investment in the media company that detects a viewer’s emotions.
Consumer
Lumo runs towards $10m series B
Wuxi PharmaTech-backed Wuxi Healthcare Ventures has led a funding round for the wearables manufacturer.
Tencent answers Zhihu’s series C question
Tencent has led a $50m series C round for information service Zhihu, backing the round as a strategic investor.
Jet to take off with $500m series C
Alphabet and Wells Fargo-backed e-commerce company Jet is looking at a $500m funding round led by Fidelity.
Boxed Wholesale to bag $80m from Alibaba
Bulk food delivery service Boxed Wholesale is in talks with Alibaba to secure approximately $80m.
Netatmo measures $32m series B
Legrand has joined existing shareholders, including Iris Capital, for the smart home devices manufacturer Netatmo’s second funding round.
Financial
Meili Jirong credits Bertelsmann for $65m series A
Bertelsmann has led a series A round for the peer-to-peer lending platform.
Transport
Paytm takes $10m journey with Jugnoo
Paytm has injected $10m in the automotive rickshaw hire service, after it had previously backed the series A round’s first tranche of $5m.
Moovit progresses to more funding
The local transit information service previously obtained $50m from BMW, Keolis and Nokia and others in January 2015.
Reaction Engines darts to $30.8m
BAE Systems has acquired a 20% stake in the company, which is working on an engine that would cut travel time from the UK to Australia to just four hours.
RelayRides rebrands and steps up funding
The General Motors and Alphabet-backed car sharing service has renamed itself to Turo as it raised $47m to support an international expansion.
Services
Corporate-backed venture capital firm 500 Startups has participated in another round for restaurant booking service Qraved.
Nestpick chooses series A investors
The company, which enables people to rent a property without in-person viewings, has added Mangrove to its shareholders while Rocket Internet returned for the round.
Fidelity has led a funding round for Handy, reportedly valuing the on-demand housekeeping service at $500m.
Tencent to lead $3bn round in Dianping and Meituan
Dianping and Meituan, which have raised a combined $2.6bn, announced a $15bn merger last month.
Corporates move into Mogoroom series B extension
The standardised flat rental platform has obtained a $30m extension from IDG, Ping An and others, adding to the $25m first tranche it secured last year.