11 September 2017 – Judging Purchase Versus Investment

Exits

Johnson & Johnson is celebrating an exit with the acquisition of its portfolio company NeoTract by Teleflex for a total consideration of $1.1bn.

Intel Capital also celebrated an exit as its portfolio company StarCash, a digital gift card service, was acquired by fintech company Blackhawk Network for $175m in cash.

Madsack hails CleverShuttle

Paytm to make Little acquisition

Juicero breaks down

It seems as though Roku is serious about an initial public offering this time. The company was rumoured to be seeking a flotation all the way back in 2014 but those plans never materialised. Fast forward to last July and reports emerged that Roku was hoping to go public this year. On Friday then, the media streaming software and device maker finally made its regulatory filing that revealed it is aiming for $100m in its IPO.

Matrimony.com, a matchmaking service aimed at the Indian market backed by Yahoo, is gearing up for an initial public offering that will launch next week and is expected to bring in $78m in proceeds (though part of that will be existing stockholders selling some of their shares).

Government

RedOwl reaches Forcepoint

Compositence puts acquisition deal together

Investments

Via, the operator of a shuttle-based carpooling service, has collected a reported $250m in funding from a consortium led by Daimler.

LeddarTech, which was spun out of Canada’s National Optics Institute in 2007, has raised $101m in fresh funding.

Innoviz appears on corporates’ radar

23andMe is seeking to top up its capital resources with another $200m – which would nearly double the amount of equity and debt it has raised so far to approximately $445m.

Gritstone Oncology, which is working on personalised cancer immunotherapies, has collected $92.7m in a series B round led by Lilly Asia Ventures with participation from investors including GV.

Entasis restructures $81.9m series B

If you are one of those people who dream about owning a flying car, you may be excited to hear that Lilium Aviation, a company that is working on precisely such technology, today secured $90m in series B funding from a consortium of investors that included Tencent.

Lendingkart shops around for $80m series C

MapR outlines $56m funding round

University

Amal develops $9.6m series B

Minnesota embraces CoreBiome

Prowler.io sneaks into $13m series A

Funds

Investors have long taken note and Fidelity International, which already has dozens of portfolio companies in the area, hopes that a $250m fund set up by its investment arm Eight Roads Ventures will help it grab a bigger piece of the pie.

Qingsong attracts $130m for third fund

Government

Corporate venturing news from Poland are a rarity, but that could be about to change withthe government’s launch of a $225m fund of funds that is expected to back both domestic and international companies hoping to establish investment subsidiaries that support Polish startups.

Ireland sows $24m agtech fund

University

Melbourne gains $64m incubator


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

10 October 2016 – Possible Snap IPO, Exit for Time Warner Investments, Investment News and Much More

Feature

GV’s new leader’s steady hand

People

Microsoft continues rapid hiring and investment pace

Leeney leaves Telefonica

Funds

Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m for its final close.

Ideo designs investment firm

University Corner

KU Leuven researches $67.5m fund

Government Department

Europe sets up venture markets

Exits

Time Warner Investments had made a decent-sized exit from marketing data management software company Krux, which has been acquired for about $700m by Salesforce.

Continental picks up Daimler-backed Zonar

Snap, which rebranded from Snapchat a few weeks ago, is said to be preparing for an IPO that could take place as soon as March 2017, and which could value it at $25bn, a steep jump from the $18bn post-money valuation at which it last raised funding, in May.

Obalon Therapeutics, developer of a gastric balloon to aid weight loss, has meanwhile raised $75m in an IPO that could potentially rise to more than $86m.

Investments

Payoneer to break new ground in $180m round

Sumitomo Mitsui Card Company adds investment to Stripe

Connected device network developer Sigfox is also looking to boost its coffers and is looking to raise $100m to $200m in a round that will feature an as yet unnamed Chinese strategic backer, and which will value it at $600m, a 50% jump from its last round in early 2015.

NTT drives Druva’s $51m series E

Rover, the dogsitting marketplace backed by Petco, was rumoured last month to be raising $40m in series E capital from Foundry Group, Menlo Ventures and Madrona Venture Group. Today, the company confirmed the deal, though it didn’t say whether the estimated valuation of $300m was also correct.

Remitly, a mobile remittance services provider that focuses primarily on foreign workers in the US hoping to send money back to family, has added a combined $38m in equity and debt from Silicon Valley Bank and International Finance Corporation to its coffers.

Welltok knocks out $33.7m round

Clearpath reaches corporates for $30m

Online video publishing platform Tout has secured $26m in a series C round backed by sports entertainment provider and partner WWE, after closing a $13.4m round in 2012 that featured a $5m investment from WWE.

Grana targets $10m in Alibaba-backed round


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