AAA Weekly corporate venturing deal net: 5-9 May 2014

Weekly corporate venturing deal net: 5-9 May 2014

Educational services provider Synergis Education has closed a $5m series A2 funding round supported by the US branch of Japan-based conglomerate Mitsui and University Ventures Fund, an investment firm that numbers media company Bertelsmann, also a direct investor in Synergis, among its limited partners. US-based Synergis previously secured $33m in September 2013 from University Ventures, Bertelsmann and University of Texas Investment Management Co.

US-based dance music technology and distribution company Dubset Media has closed a series B round after raising an undisclosed amount from a syndicate of music and technology businesses led by music streaming business Rhapsody International. Dubset recently completed a two-year trial of its rights management platform, MixSCAN.

Pear Sports, a US-based developer of personal fitness training technology, has raised $5m in its second funding round, which included smart television and sound bar producer Vizio. The round was led by Innovate Partners and Nordic Ventures, which invested alongside undisclosed private and family office investors.

LifeMap Sciences, a mobile health subsidiary of US-based biotechnology company BioTime, has invested in a $5m seed round for spin-off company LifeMap Solutions that also included Icahn School of Medicine at Mount Sinai, its development partner. Lifemap Solutions will focus on mobile health products and services powered by big data technology.

Travel and expense management company Concur Technologies has invested in a $4.6m round raised by restaurant reservation service Table8 through its $150m Concur Perfect Trip Fund. Table8 plans to use the funds to expand its service from its California base across the rest of the United States.

US-based digital healthcare service Sherpaa Health has raised $3.9m in equity funding, according to an SEC filing. Sherpaa, which previously secured $1.8m in 2012, counts O’Reilly Alphatech Ventures, the corporate venturing unit for media company O’Reilly Media, among its investors, together with First Round Capital, Collaborative Fund and SV Angel.

Cirro Health, a US-based data analysis service, has secured an undisclosed amount from General Electric’s corporate venturing arm GE Ventures. The capital will be added to the $8m in series A funding raised by Cirro from Toba Capital, Frost Data Capital, Miramar Venture Partners in October 2013, and the $2.5m in seed funds secured in 2012. It is not known whether GE’s investment is separate to the $1m Cirro received in late March, as revealed in an SEC filing.

Video design marketplace Shakr Media, based in South Korea and the US, has closed a $3m series A round led by POSCO Venture Capital, the corporate venture unit for steel maker POSCO, that also featured undisclosed angel investors. Shakr previously raised seed funding from 500 Startups in December 2012.

US-based crowdsourced cosmetics platform Beauty Noted has raised $2.2m in seed funding from IDG Ventures, the venture capital subsidiary of media company IDG, together with Kortschak Investments, which led the round, and Crosslink Capital. Beauty Noted announced the funding at the same time as the appointment of Kate Thorp, a board member at companies including Ad:tech, LBi and Reach Media, as its president and CEO.

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