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.
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
NYU computes AI accelerator
SNÉ attracts $2.5m
New Zealand researches $150m Australian fund
Taiwan upgrades economy with $3.1bn
Big deal: German startups to benefit from $1.1bn
Flanders helps expand IoT fund
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
Talend recruits $94.5m for IPO
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.
Byju’s to educate itself with $50m
Big deal: Universities keep breaking records