AAA Weekly corporate venturing deal net: 11-15 August 2014

Weekly corporate venturing deal net: 11-15 August 2014

Israel-based musical learning app developer JoyTunes has raised $5m in a series A round co-led by corporate-backed venture capital firm Formation 8 and VC firm Aleph, and which also featured Genesis Partners, Israeli business daily Globes reported on Tuesday. JoyTunes previously raised $2m over two rounds from backers including Genesis, Founder Collective and Kaedan Capital.

Loyalty management firm Aimia invested an undisclosed sum in US-based advanced analytics provider Fractal Analytics on Tuesday as part of the formation of a strategic partnership to deepen Aimia’s analytics expertise. Founded in 2000, Fractal Analytics previously secured $25m in funding from TA Associates in June 2013.

Enterprise software company Software AG led a $4.3m early stage round for US-based visual analytics company ICharts on Thursday. ICharts previously received $3.1m from angel investors in 2012, after raising a $1.4m seed round in 2010.

BASF Venture Capital, the corporate venture capital arm of chemicals producer BASF, invested €1m ($1.3m) as part of a €3m ($4m) series A round raised by UK-based semiconductor ink producer SmartKem on Wednesday. The other investors in the round were Octopus Investments and Entrepreneurs Fund.

US-based used furniture marketplace Chairish raised $4m on Monday in a series A round co-led by O’Reilly Alpha Tech Ventures, the corporate venture capital arm of O’Reilly Media, and venture capital firm Azure Capital Partners. The round, which also featured several angel investors, followed a $3.2m seed investment by O’Reilly Alphatech and Azure in July 2013.

Quettra, a US-based start-up developing personalisation technology for mobile devices, has raised $2.9m in seed funding from investors including Google Ventures, internet company Google’s corporate venturing unit, and mobile internet service provider Sungy Mobile. The round also included CrunchFund, Data Collective, Horizons Ventures, Miramar Digital Ventures, SV Angel and assorted angel investors.

Media company Thomson Reuters provided an undisclosed amount of financing for US-based medical data software developer GenoSpace on Tuesday. GenoSpace intends to utilise the capital, which marked Thomson Reuters’ first investment in the precision medicine informatics sector, to accelerate its growth in the research, clinical development, laboratory medicine and clinical care fields.

Adello, the Switzerland-based developer of a mobile advertising platform, raised $2m on Tuesday from Swisscom Ventures, which acts as the corporate venturing arm of telecommunications service provider Swisscom, and members of Adello’s management team. The funds will support Adello’s expansion into Asia and the US.

US-based sales motivation software LevelEleven secured $2m in funding on Thursday from cloud computing company Salesforce.com, Dallas Angel Network, Tamiami Angels and Detroit Venture Partners. LevelEleven previously secured $2.5m across two seed rounds from Detroit Venture Partners, digital marketing company ePrize, Hyde Park Venture Partners and First Step Fund and angel investor Rick Inatome.

Monstar Lab, the Japan-based operator of app developer Sekai Lab, has raised ¥120m ($1.2m) from SMBC Venture Capital and Mitsubishi UFJ Capital, the venture capital units of financial services firms Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ respectively, as well as East Ventures. It will spend the money on expanding in Singapore and reaching 100,000 crowdsourced engineers over the next three years.

News and information provider McClatchkey invested an undisclosed amount in Engage3, a US-based developer of retail intelligence and mobile shopping technology, on Tuesday. The capital will be allocated to accelerating adoption of Engage3′s ShoppingScout mobile app, which enables customers to find information on brands and retailers, and receive promotional offers.

Adskom, the Indonesia-based developer of a programmable advertising platform, raised $850,000 in seed funding on Thursday from internet services company Digital Garage, East Ventures, Indonesia-based Beenos Plaza and Skystar Ventures. It will utilise the funding in expanding across Singapore, Indonesia, Thailand, and Malaysia.

US-based employee insurance technology company Collective Health launched on Tuesday having raised an undisclosed amount of series A funding from corporate-backed VC firm Formation 8, Founders Fund, Social+Capital Partnership and several angel investors. Collective Health claims its cloud-based self-insurance platform can bring the advantages of self-insurance to businesses of any size.

Rocket Venture, the Japan-based owner of curated fashion website 4meee, has raised ¥50m ($500,000) from Future Investment, the corporate venturing subsidiary of IT consultancy Future Architect, and venture firm Global Brain, The Bridge reported on Monday. The site features content gleaned from around 80 curators that links to e-commerce sites where readers can buy featured products.

SCRA Technology Ventures, the corporate venturing fund for applied research corporation SCRA, invested $250,000 in US-based computer animation studio Moondog Animation on Monday. Moondog, which is about to start development of its first feature film, secured the funds through SCRA’s SC Launch programme.

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