5 September 2016 – A look at Lidar, $1bn fund for UK Ministry of Defence and more

People

Renard heads west after SanDisk merger

Wang heads Tsinghua fund

Funds

Reliance pledges $750m for digital startup funding

Elevator advertising firm Focus Media prefers partnerships when it comes to corporate venturing and has agreed to put together a $750m fund with state-owned investment holding group China Everbright.

European insurance firms have been pretty active in the VC space, and ASR seems to be no exception, providing approximately $5.6m for Dutch impact investor Social Impact Ventures, which has closed its first fund at about $45m.

Rev1 fires up $22m Ohio fund

UK Ministry of Defence arms Iris with $1bn

Exits

Caterpillar and Volvo Construction Equipment are set to record decent sized exits from IronPlanet, an online machinery and equipment trading platform that Ritchie Bros Auctioneers has agreed to buy for about $758m.

Phagenesis, developer of a medical device to treat dysphagia, had raised about $20m from investors including Nestlé’s Inventages Venture Capital unit.

Nokia exits Citymaps as it folds into TripAdvisor

IT business management technology provider Apptio has filed for a $75m IPO, after raising more than $135m in venture funding.

Khan Academy catches Duck Duck Moose

Investments

Immuno-oncology startup Arcus Biosciences has revealed it has raised $120m across two rounds.

Yi Technology records $90m series A

Compass, the Advanced Publications-backed operator of an upscale real estate listings platform, has secured $75m in a Wellington Management-led round that took its total funding to $210m.

There have been several reports recently that One97 Communications, operator of online payment platform Paytm, is raising money, and now founder and CEO Vijay Sharma has confirmed that MediaTek subsidiary Mountain Capital has invested $60m at a $4.8bn valuation.

Shyft keys in $12.5m

Helix Sleep gets in bed with Simon Property

BBoxx packages $20m series C

NephroPlus cleans up $15m series C

Blackwood Seven broadcasts $15m round


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

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