06 June 2016 – Funds from Microsoft and Romulus, job moves, Alibaba and Uber gain investments and more

Moves

Stephen Lowery, partner at venture capital firm Frog Capital, has joined Silicon Valley Bank’s (SVB) UK team to lead it corporate and independent VC relationships.

Julia Rebholz, founder and head of Ignite, the UK’s first energy-based corporate impact investment fund, has left to join a consultancy encouraging other companies to set up similar funds.

News

Large Netherlands-based corporations have formed a local networking group to develop their cooperation with startups.

The European Commission said it would propose some changes to the venture capital regulatory framework and set up a fund of funds.

Fundraising

Microsoft Ventures gets into direct investments.

Romulus builds $75m fund.

Investments

Singapore state funds bought $1 billion in Alibaba shares.

Saudi Arabia’s sovereign wealth fund invested in Uber.

YG puts on $85m show for Chinese corporates.

Yuanfudao studies $40m investment.

Qingsongchou campaigns for funding.

Tencent helps Tile key $18m series B.

Naspers tutors Udemy for $60m.

Ionic puts $45m in its basket.

In-Q-Tel Invests in Ephesoft Document Analytics Tool for Intel Community.

3D Media visualises $10m.

Exits

Reata gets $60m reaction in IPO.

Metamaterial Technologies manufactures Rolith acquisition.

Simply Hired lets go.

Line queues up again for IPO.

Clearside opens $50.4m offering.

NantHealth personalises $91m IPO.

Ping Identity pinpoints acquisition.

ServiceNow secures BrightPoint acquisition.


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

16 May 2016 – Naspers, Kuang-Chi, HP, Malaysian Islamic fund, Hyperloop, VenBio and more

Funds

Global Corporate Venturing

Naspers is looking to put down roots in Silicon Valley via a newly formed investment subsidiary called Naspers Ventures.

Kuang-Chi makes Israeli pilgrimage for $300m fund.

HP has also established a corporate venturing arm, launching HP Ventures to invest in immersive computing, mobility, internet of things, artificial intelligence, smart machine and 3D technology.

IDG Ventures India raised $100m for each of its first two funds, but has targeted $200m for its third, with a view to making more late-stage investments as its portfolio companies grow. It now appears to be three-quarters of the way there, having reportedly raised $150m.

VenBio puts together $315m life sciences fund.

Taiho launches $50m CVC arm.

PSA unpacks $15m investment unit.

Cherry Ventures has just closed its second fund at $170m.

Global Government Venturing

Malaysia to launch $100m Islamic Venture Capital Fund.

Deals

Global Corporate Venturing

Khazanah Nasional Berhad, the sovereign wealth fund of Malaysia, has meanwhile agreed up to $100m in funding for analytics firm Fractal Analytics.

In this week’s Big Deal, we look at how the deal compares to CVC efforts by other carmakers and ask whether automotive companies in general will increasingly focus their corporate venturing on connected car technology in future.

Huoli Tianhui, the operator of a flight and train ticket booking service, raised $143m in a round co-led by a subsidiary of travel-focused conglomerate HNA Group.

Hyperloop, the developer of a futuristic, vacuum-based mode of transport, has raised $80m in series B funding from investors including GE and railway operator SNCF.

Insurance firms Starr Companies and Ping An have contributed to a $70m round for Gushengtang, a six-year old company that specialises in traditional Chinese medicine.

Kingsoft Cloud, the cloud computing spinout of cybersecurity company Kingsoft, has added $50m to the $60m series C round it closed in February.

Global Government Venturing

Arpa-E expands Onboard Dynamics funding.

Exits

Global Corporate Venturing

Gene editing technology developer Intellia Therapeutics raised $108m when it went public late last week, floating at the top of its range.

Medical diagnostics technology developer NantHealth, part of Patrick Soon-Shiong’s NantWorks ecosystem, has filed for an IPO initially sized at $92m after reportedly raising more than $700m from backers also including Allscripts, Celgene and Blackberry.

Bankrupt Jumio identifies Centana as buyer.

People

Global Corporate Venturing

Swisscom calls up Schlaepfer for investment director role.

Global University Venturing

CeCe Cheng moves in with Andela.


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