Arvind Sodhani, former president of Intel Capital, has formed a new VC firm called Silver Trail Ventures and, ahead of a keynote speech at the Global Corporate Venturing/DLA Piper Corporate Venture Capital Strategy Seminar in Tokyo, warned that for corporate venturers, innovation and disruption is more important than business development.
Digital medicine developer Proteus Digital Health has added $50m of series H financing to an equity cash pile.
Alibaba sealed two huge deals last week, making billion-dollar investments in Ele.me and Lazada, and in this week’s Big Deal we take a look at the firm’s investment strategy and what those those transactions might mean going forward.
JD.com has paid $200m for a 47.7% stake in logistics service company Dada Nexus in a deal that will involve merging its own e-commerce subsidiary, JD Daojia, into the company, which operates across 37 Chinese cities.
Baidu has raised $155m in a round led by TV and film production company Shanghai New Culture Media,
Cabify has become the latest ride hailing service to raise significant funding, pulling in $120m from a Rakuten-led round that values it at $320m post-money.
GenSight Biologics filed for an IPO back in July 2015 but a few months later the Novartis-backed eye disease therapy developer has withdrawn citing market conditions. The decision, made at roughly the same time as another biotech company, Bavarian Nordic, did the same, is a worrying omen for the IPO market, which is still yet to recover from a considerable lull, meaning CVC exits will likely be harder to come by this year.
Global University Venturing
Alta Innovations: the future of success: In the second part of our series, GUV editor Thierry Heles takes a closer look at how Birmingham University is building a complete ecosystem for spinouts, startups and late-stage companies.
GUV supporting a survey of 80 university venturing funds sponsored by one of our subscribers, Kaust.