23 May 2016 – Johnson & Johnson, Invitalia, Geodesic Capital, Kaspersky, Slack Technologies, Intel and more

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Funds

Four Singapore-based companies – real estate company CapitaLand, data centre provider DeClout, agribusiness Wilmar and logistics provider YCH Group – have been awarded S$40m ($29.2m) to back local startups.

Johnson & Johnson expands JLabs to Canada.

Invitalia boosts fund to $74.5m.

US-based venture capital firm Geodesic Capital closed its inaugural fund at $335m with an anchor investment from Mitsubishi Corporation, a member of Japan-headquartered conglomerate Mitsubishi Group.

Intesa Sanpaolo partners Quadrivio for $135m fund.

United Media commits to $305m Meridian Capital China fund.

Liberty Mutual forms $150m fund with August investment.

Russia-based cybersecurity software provider has launched a corporate venturing unit that will invest up to $1m in startups.

E.Ventures, the Germany-based venture capital firm that counts mail order and e-commerce company Otto Group as a major investor, closed a $150m early-stage fund.

Caterpillar Ventures, the corporate venturing arm of construction equipment producer Caterpillar, provided an undisclosed amount on Tuesday for the latest fund to be raised by Switzerland-based venture capital firm Emerald Technology Ventures.

People

US-based messaging platform Slack Technologies has hired Jason Spinell as an investor for its corporate venturing unit, Slack Fund.

Bernhard Gold has left T-Venture, a corporate venturing subsidiary of telecommunications firm Deutsche Telekom, to join France-headquartered venture capital firm Iris Capital as managing director of its North American office.

Deals

US-based flat panel display technology developer Kateeva completed an $88m series E round with contributions from several corporate investors.

Personal Capital, a US-based digital wealth manager that counts financial services firms BBVA and USAA as strategic investors, secured $75m in funding yesterday.

Exits

Private equity firms Coller Capital, HarbourVest Partners and Lexington Partners are among the prospective bidders for a venture capital portfolio set to be sold by semiconductor maker Intel for about $1bn.

Intel sells half its stake in Intrasoft.

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