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

01 August 2016 – Asian Funds, MyTaxi hails Hailo, University Record Breaking and more

People

Intel Capital has chosen Christine Herron and Trina Van Pelt to manage its $125m Intel Capital Diversity Fund.

A former startup CEO, Herron joined Intel Capital in 2010 after a combined five years as a venture investor at First Round Capital and Omidyar Network.

Funds

Rozenfeld’s new firm targets $30m fund

Alibaba Pictures is set to go into corporate venturing, providing $75m for a $300m fund that will target strategic investments in companies in partnership with asset manager Gopher Asset.

Another Chinese media player, outdoor advertising company Focus Media, is initiating its own strategic investment activities, raising four $75m funds, each of which will be a collaboration with a different investment firm.

Pharmaceutical company Astellas has formed a joint venture called DigiTx Partners with life sciences venture firm MPM Capital in order to invest in digital health technology.

My Home looks to construct $75m fund

Siam Commercial Bank forwards corporate venturing plans

Corporates okay second KK Fund

University

NYU computes AI accelerator

SNÉ attracts $2.5m

New Zealand researches $150m Australian fund

Government

Taiwan upgrades economy with $3.1bn

Big deal: German startups to benefit from $1.1bn

Flanders helps expand IoT fund

Exits

India-based online fashion retailer Jabong was said to be in talks for a $1.2bn acquisition by Amazon less than two years ago, but how times have changed for the e-commerce sector since then. The company, part of Rocket Internet’s Global Fashion Group stable, is set to be acquired by Flipkart for only $70m in a bid to stem GFG’s losses.

Chinese internet, media and electronics group LeEco has grown at an astounding rate over the past two years through some large-sized investments, and now it is looking to expand into the US through the $2bn acquisition of consumer electronics producer Vizio.

Unilever is set to exit social marketing platform Olapic in a $130m acquisition by Monotype.

Platfora gets up for Workday acquisition

MyTaxi gets a friendly Hailo in merger deal

Government

Talend recruits $94.5m for IPO

Investments

Mitsui already holds stakes in numerous Asian healthcare companies, and now it has invested $101m in Columbia Asia, the Asian branch of US-based care provider Columbia Pacific Management.

UBtech interacts with investors for $100m

Hero Sports, the eSports company spun out by Chinese game publisher Hero Entertainment in May, has raised $96m in a round led by outdoor advertising group Focus Media, which invested $45m.

Upthere launched its personal cloud storage service yesterday, at the same time revealing it has raised $77m in a round led by strategic investor Western Digital and venture firm KPCB.

Mobile gaming company Scopely has taken its total funding to just short of $100m in a $55m series B round that included game developer and publisher Take-Two Interactive.

EverFi, the operator of a critical skills and compliance learning platform with more than 14 million users certified, has raised $40m in capital from investors including Advanced Publications.

Wonder Workshop, an Alphabet-backed developer of educational robots that can help teach kids about coding and fundamental computer skills, has secured $20m in a series B round that will enable it to enter Asia.

Government

Byju’s to educate itself with $50m

University

Big deal: Universities keep breaking records


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

2 May 2016 – Sirin Labs, Weiying, Ant Financial, Nexthink, HTC, Neva Finventures, European Investment Fund and more

Investments

Sirin Labs, developer of a smartphone that will combine military-grade security with the features of a consumer device, secured $72m in a seed round.

Entertainment ticketing platform Weiying joined an ever-growing list of startups capable of attracting huge stacks of money. The company raised $693m in a series C+ round.

Alibaba’s financial services spinout Ant Financial closed a monster $4.5bn series B round.

On Global University Venturing, the most money was collected by Nexthink, a spinout of Ecole Polytechnique Federal de Lausanne that has raised $40m.

Funds

Outdoor advertising company Focus Media has injected $200m in a $400m in a fund aimed at sports startups taking on the Chinese market. The fund will be co-run with FountainVest Partners.

Smartphone brand HTC meanwhile put $100m into an accelerator and fund that it has dubbed Vive X after its virtual reality headset.

Italy-based Intesa Sanpaolo has created unit named Neva Finventures. Neva has received an initial $34m in funding though should increase to $113m in future.

On Global Government Venturing, Germany and EIF have officially launched their $255m Coparion fund that was first announced in March. The focus of the fund is technology-driven companies that have been around for less than a decade.

IPOs

Gene editing technology developer Intellia Therapeutics is getting ready to go public. The life sciences business has set the terms for its IPO that could bring in $90m, while Novartis and Regeneron will inject $55m investment in a concurrent private placement.

Exits

Idinvest Partners, the private equity firm spun out of Allianz, is receiving a decent return on its $30m investment in digital health technology developer Withings.

SumUp and Payleven, two mobile payment services providers, have decided to merge to take on competitors including US-based Square.

Fidelity is set to exit Stemcentrx, which is working on treatments for cancer stem cells, when the company is acquired by AbbVie.

People

Issam Dairanieh joined BP 18 years ago and has been an active corporate venturer for 11, working his way to the very top of BP Ventures. And now he’s looking for new challenges, announcing that he’ll leave the energy company to lead a firm that offers capital to technologies that cut carbon emissions and to create a sustainability-focused infrastructure funds.


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