AAA Weekly corporate venturing deal net: 5-9 January 2015

Weekly corporate venturing deal net: 5-9 January 2015

Credit Saison, the payment services subsidiary of Mizuho Financial Group, has invested an undisclosed multimillion dollar amount in US-based digital payment technology developer Coin, Nikkei has reported. Coin, which is working on a single credit card that can access several accounts, previously raised $15.5m from Redpoint Ventures, Spark, K9 Ventures, SoftTech VC, and Y Combinator in May 2014.

Comcast Ventures, the corporate venturing unit belonging to cable service provider Comcast, led a $5m series B round for US-based online video distribution network VHX on Wednesday. The round, which also included Union Square Ventures, Lerer-Hippeau Ventures, Lowercase Capital, and several angel investors, took VHX’s total funding to $9.5m and followed a $3.2m series A round featuring talent agency William Morris Endeavor and a seed round backed by digital media company Bedrocket Media Ventures.

France-based solar energy technology developer Sunpartner Technologies secured €4m ($4.7m) on Wednesday from NTT Docomo Ventures, the corporate venturing arm of mobile service provider NTT Docomo. It plans to raise an additional €4m in the first half of this year, and has so far accumulated $36.6m in overall funding from backers including Crédit Agricole, Gravitation, Sigma Gestion, Davanière Capital and Eurowatt Partenaire.

Singapore-based mobile payment card provider MatchMove Pay secured an undisclosed amount of funding on Tuesday in a round led by Japan-based payment services firm Credit Saison. MatchMove Pay is one of two units owned by parent company MatchMove, which secured an undisclosed sum of funding from Vickers Venture Capital in 2009.

Caremerge, the US-based developer of a communication platform for the senior care industry, raised $4m in its first round of institutional financing on Wednesday. GE Ventures, the corporate venturing unit of General Electric, invested alongside Cambia Health Solutions, which led the round, Generator Ventures, Arsenal Venture Partners and Ziegler-LinkAge Longevity Fund.

IT services provider Saksoft has acquired a 51% stake in India-based software testing company ThreeSixty Logica for an undisclosed sum, according to a stock market disclosure. ThreeSixty supplies testing programs and services to software producers and vendors, as well as small-to-medium sized companies.

Ingenious Med, the US-based developer of an automated healthcare platform, secured an undisclosed amount of funding on Friday from Ascension Ventures and Kaiser Permanente Ventures, the respective investment subsidiaries of healthcare providers Ascension Health and Kaiser Permanente, and venture capital firm Heritage Group. Growth equity firm North Bridge acquired a majority stake in Ingenious in October 2014.

Spain-based recruitment platform Nubelo received €2.5m ($3m) in series A funding on Wednesday from Caixa Capital Risc, the investment arm of financial services firm La Caixa, Nero Ventures and Nazca Ventures. Caixa Capital also contributed to a €1m seed round raised by Nubelo in November 2013 that also included VC firm Finaves.

Israel-based voice recognition technology developer VocalZoom raised an undisclosed amount of funding on Wednesday from Motorola Solutions Venture Capital, the corporate venturing arm of communications equipment producer Motorola Solutions, consumer product maker 3M, voice recognition company FueTrek and OurCrowd. 3M first invested in VocalZoom in 2012, while OurCrowd is also an existing investor.

Smartprix, the India-based operator of a price comparison site for consumer products, has received an undisclosed amount of funding from e-commerce company Snapdeal, VCCircle reported on Monday. Snapdeal, which acquired a 10% stake in Smartprix through the deal, also secured an option to up its share of the company to a majority stake in future.

TheFamily, a France-based accelerator and co-working space, has secured an undisclosed amount of funding from IdInvest Partners, the private equity fund backed by insurer Allianz, and venture capital fund White Star Capital, TechCrunch reported on Wednesday. VC firm Index Partners and a selection of angel investors provided $1m in funding for TheFamily in May 2014.

Lookup, the India-based developer of an app enabling users to talk to local businesses, has received Rs 24m ($380,000) in seed funding from internet company DeNA and Teruhide Sato, the CEO of e-commerce company Netprice, the Economic Times reported on Monday. The startup had previously raised $260,000 from metals trader MKS and Kris Gopalakrishnan, a co-founder of IT services company Infosys.

Samba Networks, a UK-based provider of mobile advertising video technology, has raised £250,000 ($380,000) in an angel round backed by mobile network Digicel and a host of individual investors, TechCrunch reported on Thursday. Samba, which was formed by ex-Digicel employees, raised a £930,000 in an earlier angel round in 2012.

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