AAA Weekly corporate venturing deal net: 9-13 March 2015

Weekly corporate venturing deal net: 9-13 March 2015

MySugr, an Austria-based developer of digital health treatments for diabetes, received $4.8m in seed funding from Roche Ventures, the corporate venturing unit for pharmaceutical firm Roche, and iSeed Ventures on Wednesday. The company previously raised funding from XL Health and angel investor Johann Hansmann in Feburary 2014.

ThinkCerca, a US-based provider of educational tools and lesson plans, has secured $3.2m in a series A round led by Follett Knowledge Fund, a corporate venturing subsidiary of education materials company Follett. The round, which also featured Math Venture Partners, Amicus Capital, Great Oaks Venture Capital and Chuck Templeton, followed a $1.5m seed round backed by Abundant Ventures, Templeton and a host of other angel investors in June 2014.

LeanIX, the Germany-based developer of an enterprise architecture management tool, has raised €2.2m ($2.4m) in series A funding from Iris Capital, the venture capital fund backed by telecommunications company Orange and public relations firm Publicis, and VC firm Capnamic Ventures. The cash will support sales, marketing and product development.

Barnes & Noble College, a subsidiary of book and educational product retailer Barnes & Noble, has invested an undisclosed amount in Flashnotes, the US-based operator of an online marketplace for where students can buy and sell student-created, course-specific study materials. Flashnotes had previously raised $11.2m in funding from investors including educational materials producer Cengage Learning and SoftBank Capital, a subsidiary of telecommunications company SoftBank.

Bento Labs, the US-based developer of an intelligent homescreen for Android phones, launched on Tuesday with $2m of seed funding, according to TechCrunch. The money coming from Google Ventures, the corporate venturing fund owned by internet company Google, First Round Capital, Social+Capital, Partnership, Susa Ventures, Michael Stoppelman, Rushabh Doshi, Shishir Mehrotra and Wesley Chan.

IndoTrading, an Indonesia-based online classified listings service for small businesses, has raised $1.5m in a series A round led by Opt SEA, a Southeast Asian subsidiary of Japan-based digital marketing firm Opt Group, Tech in Asia reported on Wednesday. The round also featured GMO Venture Partners, the corporate venturing arm of internet group GMO, price comparison site Aucfan, Golden Gate Ventures, Convergence Ventures, an anonymous angel investor and Rebright Partners, which provided seed funding for IndoTrading in 2013.

Invenfin, the early-stage corporate venturing arm of diversified holding group Remgro, has acquired a 20% stake in South Africa-based social enterprise platform operator WyzeTalk for an undisclosed sum, Ventureburn reported on Monday. Although the amount paid by Invenfin was not disclosed, Wyzetalk had previously raised more than R20m ($1.6m) in funding from investors including Clifftop Colony Capital Partners and Savannah Fund.

Leave a comment

Your email address will not be published. Required fields are marked *