Global Venturing Review

Global Venturing Review

globalventuringreview.com
Reviewing the week’s global venturing news.


19 October 2020 2020 – SoftBank Backs Kahoot with $215m Investment
Oct 18 • 13 min
The Big Ones Kahoot has been one of the biggest recent success stories in the startup space. The company, the developer of a gamified online learning platform, has secured $215m from SoftBank through a private placement that valued it above $2.2bn, a huge…
Leadership Series: Nichole Mercier (Washington University in St Louis)
Oct 13 • 31 min
In this week’s episode of the Global Venturing Review Leadership Series, we talk to Nichole Mercier, assistant vice-chancellor and managing director for technology transfer at Washington University in St Louis, about increasing engagement from female…
12 October 2020 2020 – Uber Spins out Uber Freight with $500m Series A
Oct 12 • 24 min
The Big Ones Uber launched its shipping services platform, Uber Freight, in 2017, and is now spinning it off with $500m in series A financing from Greenbriar Equity Group at a $3.3bn post-money valuation. The funding will help Uber Freight compete against…
Leadership Series: Tony Raven (Cambridge Enterprise)
Oct 6 • 25 min
In this week’s episode of the Global Venturing Review Leadership Series, we talk to Tony Raven, chief executive of University of Cambridge’s commercialisation arm Cambridge Enterprise, about abandoning long-held beliefs in the workplace, his help in…
05 October 2020 – Sophia Genetics Raises $110m Series F
Oct 4 • 17 min
The Big Ones It was a privilege to hear the insights at the GCV Digital Forum 2.0 yesterday. Combining our regional and sector events, GCV Asia Congress, Synergize and Energy, was always a recipe for some of the world’s leaders to gather and share as well…
Leadership Series: Orin Herskowitz (Columbia University)
Sep 29 • 38 min
In this week’s episode of the Global Venturing Review Leadership Series, we talk to Orin Herskowitz, senior vice-president of intellectual property and tech transfer for Columbia University, and executive director of Columbia Technology Ventures, about…
28 September 2020 – Roche Pays $448m to Buy Inflazome
Sep 27 • 17 min
The Big Ones Congratulations to Mike Cavanagh at Comcast for taking up the reins of its ventures unit after Amy Banse’s decision to retire next year. Thanks goes to Banse for her support to the community over the past decade and glad she’s staying engaged…
Leadership Series: Mark Sherman (Telstra Ventures)
Sep 23 • 20 min
In this week’s episode of the Global Venturing Review Leadership Series, James Mawson talks to Mark Sherman of Telstra Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
21 September 2020 – Klarna Raises $650m to Almost Double its Valuation
Sep 20 • 25 min
The Big Ones Klarna, operator of an app that lets consumers pay for items from some 200 retailers through instalment payments, has raised $650m in a round that almost doubled its valuation to $10.65bn in the space of just over a year. Klarna’s earlier…
Leadership Series: Tony Armstrong (IU Ventures)
Sep 15 • 27 min
In this week’s episode of the Global Venturing Review Leadership Series, we talk to Tony Armstrong, president and chief executive of IU Ventures, about how the organisation supports Indiana University spinouts and startups. “Funky Chunk” Kevin MacLeod…
14 September 2020 – Online Education Company Byju Raising $500m
Sep 13 • 26 min
The Big Ones Online education has firmly established itself as the key sector in India’s startup space, and Byju’s has effectively confirmed that, raising an amount reported by TechCrunch to be $500m. Byju’s, which is backed by Tencent, Naspers and Times…
Leadership Series: Lesley Millar-Nicholson (MIT Technology Licensing Office)
Sep 9 • 26 min
On this week’s Leadership Series we talk to Lesley Millar-Nicholson, director of MIT’s Technology Licensing Office and Catalysts, about a bumper year despite the pandemic. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By…
07 September 2020 – QuantumScape in Reverse Merger with Kensington Capital Acquisition Corp
Sep 6 • 11 min
The Big Ones Online education has been one of the big growth sectors during the coronavirus pandemic. That’s particularly true in China, and as one of the biggest players Yuanfudao has likely seen a decent chunk of that growth. The company raised $1bn at…
Leadership Series: Mark Radcliffe (DLA Piper)
Sep 2 • 12 min
On this week’s Leadership Podcast we turn back the clock to our summer digital form held in June for a talk by DLA Piper’s Mark Radcliffe who is joined by Eric Goldberg to talk about the duties of board directors in the context of a financially distressed…
31 August 2020 – Ant Group Files for Dual Listing to Potentially Raise $30bn
Aug 30 • 11 min
The Big Ones Cancer test developer Freenome has closed a $270m series C round that included Novartis and existing backers GV, Kaiser Permanente Ventures and Roche Venture Fund to hike its overall funding to $507m. The capital will be allocated to a…
Leadership Series: Peter Devine (Uniseed)
Aug 25 • 28 min
Our Leadership Series interview where we talk to Peter Devine about Uniseed, Australia’s longest running venture fund that operates at the Universities of Melbourne, Queensland, Sydney & New South Wales, and the CSIRO. “Funky Chunk” Kevin MacLeod…
24 August 2020 – SpaceX Raises $1.9bn
Aug 23 • 10 min
The Big Ones SpaceX has been one of the most fervent fundraisers among private companies in recent years and it shows no signs of stopping. A securities filing indicates the spacecraft manufacturer and launch services provider has secured $1.9bn from…
Leadership Series: Mark Radcliffe (DLA Piper Webinar)
Aug 19 • 60 min
Something a little different this week: We have teamed up with Mark Radcliffe from DLA Piper to bring you an audio recording of their webinar on Corporate venture capital investment strategies in the COVID-19 pandemic. If you prefer video here is a link…
17 August 2020 – Impossible Foods Closes $200m Series G
Aug 16 • 23 min
The Big Ones A lot of brick-and-mortar retailers have suffered during coronavirus lockdowns in recent months but certain parts of the e-commerce sector have done very well. That includes online sports apparel retailer Fanatics, whose business is…
Leadership Series: Jim Wilkinson (Oxford Sciences Innovation)
Aug 12 • 18 min
Our Leadership Series interview where we talk to Jim Wilkinson of Oxford Sciences Innovation about the company and how they invest. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
10 August 2020 – Epic Games Confirms $1.78bn Funding Round
Aug 10 • 17 min
Big ones Epic Games has confirmed a $1.78bn funding round that included the $250m investment announced by Sony last month. The game developer had substantial success with the Unreal Tournament and Gears of War games, but it’s the immense popularity of…
Leadership Series: Girish Nadkarni & Demi Edosomwan (TCNV)
Aug 4 • 14 min
Our Leadership Series interview where we talk to Girish Nadkarni & Demi Edosomwan of TCNV about their investment strategies and the impact of COVID-19 and climate change. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By…
03 August 2020 – Wu Snaps Up her Former Assets
Aug 2 • 20 min
There are occasional silver linings even for the blackest clouds. One was as the Covid-19 disease broke out this year competition for deals became a little lighter. TDK Ventures, the corporate venturing unit of the Japan-based materials group, stepped…
Leadership Series: Gen Tsuchikawa (Sony)
Jul 28 • 16 min
Our Leadership Series interview where we talk to Gen Tsuchikawa of Sony about their investment funds and COVID-19. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
27 July 2020 – CureVac Officially Closes $640m Round
Jul 26 • 19 min
Deals CureVac has officially closed a $640m round, adding $126m to recent investments that included $171m from GlaxoSmithKline through a strategic partnership. That’s one of the biggest venture rounds ever in the life sciences sector, and the interest…
Leadership Series: Jacqueline LeSage-Krause (Munich Re Ventures)
Jul 22 • 14 min
Our Leadership Series interview where Jacqueline LeSage-Krause of Munich Re Ventures talks about how COVID-19 has affected her work. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
20 July 2020 – 5G & IoT Provider Jio Platforms Gains $4.5bn from Google
Jul 19 • 9 min
The Big Ones Jio Platforms was spun off by Indian conglomerate Reliance Industries late last year to build a mobile network tailored for 5G and the internet of things, and everyone seems to want a slice. The latest is Google, which is paying $4.5bn for a…
Leadership Series: Tony Askew (REV Venture Partners)
Jul 14 • 18 min
Our Leadership Series interview where Tracy Isacke of Silicon Valley Bank talks to Tony Askew from REV Venture Partners. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
13 July 2020 – Rivian Strikes Deal with Amazon for 100,000 Electric Delivery Vans
Jul 13 • 33 min
The Big Ones Now ride hailing has matured past the stage where it requires multi-billion dollar rounds, one of the biggest fundraisers in recent months has been Rivian, an electric truck and SUV developer that won’t even have a product out until next…
Leadership Series: Jon Lauckner (GM Ventures)
Jul 7 • 16 min
Our Leadership Series interview where we talk to Jon Lauckner also from GM Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
06 July 2020 – Zuoyebang Pulls In $750m in Series E Funding
Jul 5 • 29 min
The Big Ones China’s online education sector is one of the areas where growth is currently moving fastest. Yuanfudao raised $1bn in a series G round in March, and now Zuoyebang, which was spun off by Baidu five years ago, has pulled in $750m in series E…
Leadership Series: Amy Banse (Comcast Ventures)
Jun 30 • 8 min
Our Leadership Series interview where we talk to Amy Banse also from Comcast Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
29 June 2020 – Sana Biotechnology Raises $700m in First Round
Jun 28 • 24 min
The Big Ones There is a true IPO bonanza going on at the moment and we’ll get to that in a moment, but there’s still a good deal of money sloshing around the sector for early-stage deals too. Sana Biotechnology is working on a string of drug candidates…
Leadership Series: David Gilmour (BP Ventures)
Jun 24 • 21 min
Our Leadership Series interview where we talk to David Gilmour also from BP Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
22 June 2020 – DoorDash Raises $400m in Late Stage Round
Jun 21 • 16 min
Big Stories Slowly, then suddenly change happens This past week’s online roundtable for the Reinhard Mohn Prize 2020*, Fostering Innovation, Unlocking Potential, hosted by the Bertelsmann Stiftung (Foundation), saw luminaries from politics, business,…
Leadership Series: Raj Singh & Amy Burr (JetBlue Technology Ventures)
Jun 17 • 17 min
Our Leadership Series interview where Ashley Lowes, Head of Communications & Marketing at JetBlue Technology Ventures, talks to Raj Singh & Amy Burr also from JetBlue Technology Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under…
15 June 2020 – Zuoyebang in Talks to Raise up to $800m in Coronavirus Boost
Jun 14 • 27 min
Big Ones Online student answer and livestreamed education provider Zuoyebang was spun off by Baidu and has since received $585m in venture funding. Like many online education platforms however, it has seen a big uptick in business during China’s…
08 June 2020 – GCV Digital Forum Roundup
Jun 7 • 20 min
GCV Digital Forum Roundup Thank you to the team and all who have worked their socks off for the first GCV Digital Forum, and also the sponsors, speakers and attendees who have made it such a success. The platform will stay open for 30 days. It was…
01 June 2020 – UBS Groups Prepares for Fintech Investments
May 31 • 18 min
The Big Ones 1 Switzerland-based bank UBS Group is setting aside hundreds of millions of dollars of its money to invest in financial technology companies, according to Bloomberg. UBS hired Erasmus Elsner for its venture capital and growth equity unit last…
Leadership Series: Heriberto Diarte (Schneider Electric Ventures)
May 26 • 31 min
Our Leadership Series interview where Edison Fu talks to Heriberto Diarte from Schneider Electric Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
25 May 2020 – SenseTime Expands to Help Track Coronavirus
May 24 • 24 min
The Big Ones Chinese AI software provider SenseTime has expanded its visual surveillance technology to assess the internal temperature of individuals in order to more efficiently track coronavirus patients, and is considering seeking $1bn in funding.…
Leadership Series: Nicolas Sauvage (TDK Ventures)
May 19 • 19 min
Our Leadership Series interview where Edison Fu talks to Nicolas Sauvage from TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
18 May 2020 – Challenging Investment Landscape and Down-Rounds
May 17 • 22 min
Big Stories 1 Spencer Chavez, a GCV Rising Stars 2020 winner, has stepped down from his position as principal at Salesforce Ventures to join KKR. KKR has been building its tech growth team under Dave Welsh as traditional private equity firms move down…
Leadership Series: Arvind Purushotham (Citi Ventures)
May 13 • 23 min
Our Leadership Series interview where Edison Fu talks to Arvind Purushotham from Citi Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
11 May 2020 – Intel picks up Moovit for $900m
May 10 • 17 min
Big Stories Korys, the family office behind the France and Belgium-based retailer Colruyt Group, and Mérieux Equity Partners, the asset management arm of the Institut Mérieux holding company, have set up joint funds targeting companies in the healthcare…
Leadership Series: John Glushik (HG Ventures)
May 5 • 19 min
Our Leadership Series interview where James Mawson talks to John Glushik from HG Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
04 May 2020 – FIS Commits $150m to its Corporate Venturing Unit
May 3 • 13 min
The Big Three As highlighted in last week’s podcast, some sectors are flying high and, certainly relative to the global financial crisis a dozen years ago, banking and financial services is one of them. New York-listed financial technology (fintech)…
Leadership Series: David Hayes & Nacho Gimenez (BP Ventures)
Apr 28 • 21 min
Our Leadership Series interview where James Mawson talks to David Hayes and Nacho Gimenez from BP Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
27 April 2020 – AvidXchange Raises $128m Bringing Total Round to $388m Plus Audio from our Second COVID19 Webinar
Apr 26 • 89 min
The Big ones AvidXchange, a developer of accounts payable automation software, has raised $128m to hike its latest round to $388m. Mastercard was among the investors, having contributed to the company’s last round, when it secured $300m in 2017 at a…
Leadership Series: Tarik Galijasevic (Allstate Strategic Ventures)
Apr 21 • 16 min
Our Leadership Series interview where Edison Fu talks to Tarik Galijasevic from Allstate Strategic Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
20 April 2020 – Stripe Raises $600m in Series G Plus Audio from our Industrial Sector Webinar
Apr 19 • 116 min
The Big Ones Digital payment processor Stripe is one of the companies that has seen demand for its product skyrocket in recent weeks as more and more commerce moves online. It has also raised another $600m from investors including GV to meet that demand,…
Leadership Series: Tony Cannestra (Denso International America)
Apr 14 • 24 min
Our Leadership Series interview where James Mawson talks to Tony Cannestra from Denso International America. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
13 April 2020 – Covid-19 Crisis & Funding Opportunities
Apr 12 • 60 min
The week’s podcast takes a look at the Covid-19 Crisis and the funding opportunities that have come from it. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
Leadership Series: Bonny Simi (JetBlue Technology Ventures)
Apr 7 • 17 min
Our Leadership Series interview where James Mawson talks to Bonny Simi from JetBlue Technology Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
06 April 2020 – Lyell Immunopharma Gains $493m Investment from GlaxoSmithKline
Apr 5 • 24 min
The Big Ones It is the sort of line to awaken the curiosity in an annual report: “Cash payments to acquire equity investments amounted to £258m [$314m] (2018 – £309m), primarily relating to Lyell Immunopharma.” Thus, the accountants revealed UK-listed…
Leadership Series: Darek DeFreece (UC Berkeley)
Mar 31 • 18 min
Our Leadership Series interview where Thierry Heles talks to Darek DeFreece from UC Berkeley. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
30 March 2020 – Lime in Talks to Raise Funding at a Reduced $400m Valuation
Mar 29 • 21 min
The Big Ones In what may be an ominous sign, electric scooter rental service Lime is reportedly in talks to raise funding at a $400m valuation, a steep fall from its last round just over a year ago, when it secured $310m in a series D round featuring…
Leadership Series: Tom Vanhoutte (Imec.xpand)
Mar 24 • 17 min
Our Leadership Series interview where Thierry Heles talks to Tom Vanhoutte from Imec.xpand. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
23 March 2020 – Fox Agrees to Buy Tubi for $440m in Cash
Mar 22 • 13 min
The Big Ones When SoftBank emerged with a $9.5bn rescue package for beleaguered workspace provider WeWork in October, $3bn of the amount had been earmarked for a tender that would have involved it buying shares from existing investors and shareholders –…
Leadership Series: Jonathan Tudor (Centrica) Part 2
Mar 17 • 14 min
The second part of our Leadership Series interview where Izzy Woolgar talks to Jonathan Tudor from Centrica and our very own James Mawson. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
16 March 2020 – Insightec Targets $150m Series F
Mar 15 • 10 min
The Big Ones Insightec is targeting up to $150m in a series F round valuing it at $1.3bn post-money, and has already received a $100m commitment from Koch Disruptive Technologies to lead the round. The company is developing a system that will use…
Leadership Series: Jonathan Tudor (Centrica) Part 1
Mar 11 • 19 min
The first part of our Leadership Series interview where Izzy Woolgar talks to Jonathan Tudor from Centrica and our very own James Mawson. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
09 March 2020 – Waymo Secures $2.25bn in Initial Close of First External Round
Mar 8 • 24 min
The Big Ones Waymo began life in Alphabet’s secretive Google X division but has now fully emerged as a standalone company, securing $2.25bn from investors including AutoNation, Magna International and Alphabet itself – an amount it said only represents…
Leadership Series: Ippei Akiyoshi (Mitsubishi)
Mar 3 • 19 min
James Mawson interviews Ippei Akiyoshi from Mitsubishi. The first in a series of interviews. Recorded remotely. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
02 March 2020 – Grab Raises $856m from Mitsubishi UFJ Financial Group
Mar 2 • 25 min
The Big Ones There may be fewer rounds being closed but ride hailing continues to be a money magnet, with Grab raising $856m from Mitsubishi UFJ Financial Group – which invested $706m – and TIS, both investing through newly struck partnership deals that…
24 February 2020 – Imara to Raise Up To $86.3m in its IPO
Feb 24 • 11 min
The Big Ones Grab had raised $4.8bn for its series H round as of mid-2019 but did not confirm a close for the round. Now however, the on-demand ride provider is set to raise approximately $714m from Mitsubishi UFJ Financial Group as part of a venture…
17 February 2020 – Revolution Medicines Goes Public in $238m Offering
Feb 17 • 15 min
The Big News It’s been a good week for healthcare flotations, with Revolution Medicines following in the footsteps of successful IPO closures by Schrödinger and Beam Therapeutics by going public in a $238m offering that represented an increase in size of…
10 February 2020 – Netskope Gains $340m in Round Led By Sequoia Capital Global Equities
Feb 10 • 82 min
The Big Ones Sequoia Capital Global Equities has led a $340m round for cloud security platform developer Netskope at a valuation of near $3bn. Netskope has now raised $740m altogether from investors including Dell Technologies Capital. Given the…
03 February 2020 – Corporate Venturing and Innovation Summit Roundup
Feb 3 • 16 min
The Big News The US government’s effort to change the regulatory landscape for venture capital is coming to a head with this week’s sold-out Global Corporate Venturing and Innovation Summit in California. Investment banks could face more relaxed…
27 January 2020 – Tokopedia Approaches Close of $1.5bn Round
Jan 26 • 22 min
The Big Ones Tokopedia is already one of the biggest companies to have emerged from Southeast Asia’s increasingly vibrant startup scene, but it is reportedly approaching the close of a $1.5bn round that would include existing investors SoftBank and…
20 January 2020 – Joby Aviation Raises $590m in Series C to Create Flying Taxis
Jan 19 • 18 min
The Big Ones Joby Aviation is developing an electric-powered aerial taxi for urban use, a product that would appear to be a big jump into the future even without taking into account sustainability issues concerning its stated aim to serve ‘a billion’…
13 January 2020 – Ant Financial Backs Zomato with $150m at a $3bn Valuation
Jan 12 • 25 min
The Big Ones Zomato has kicked off its next funding round, expected to reach $500m, by raising $150m from existing investor Ant Financial at a $3bn valuation. The cash will help it in its ongoing battle against domestic rival Swiggy for supremacy in…
23 December 2019 – SoftBank invests $231m in Lenskart at $1.5bn Valuation
Dec 22, 2019 • 21 min
The Big Ones India-based eyewear e-commerce platform Lenskart has been growing steadily in recent years, expanding its retail footprint to more than 530 stores and further commercialising its own brand. That work has been reflected in a $231m investment…
16 December 2019 – Petronas Launches Piva with $250m in Capital
Dec 16, 2019 • 14 min
Funds Petronas has officially launched Piva, a growth-stage vehicle that will target developers of energy, industrial and materials applications in North America and Europe. The fund is equipped with $250m of capital and will be overseen by Petronas…
09 December 2019 – Kuaishou Lining Up One of 2019’s Largest Rounds
Dec 8, 2019 • 19 min
Big Deals It’s edging towards the end of the year but Kuaishou is lining up one of 2019’s largest rounds, having reportedly secured $2bn from Tencent as part of a series F round it plans to formally close at $3bn in the coming weeks. The round will value…
02 December 2019 – SoftBank Leads Oyo’s $1.5bn Funding Round
Dec 1, 2019 • 12 min
The Big Ones SoftBank Vision Fund is putting up $807m to lead a $1.5bn funding round for one of its most notable portfolio companies, India-based short term accommodation platform Oyo. The round values Oyo at $10bn and the extra cash will fund expansion…
25 November 2019 – SoftBank Reportedly Reaches Vision Fund II First Close
Nov 25, 2019 • 13 min
The Big Ones And what better way to get back into the swing of things than with SoftBank, which has reportedly reached a first close for Vision Fund II. Although it secured nearly $100bn for the first fund and has received $108bn in MOUs for the new…
18 November 2019 – Orbital Insight Enters $50m Series D
Nov 17, 2019 • 12 min
The Big Ones Chevron Technology Ventures has thrown its weight behind US-based geospatial software technology provider Orbital Insight, which also welcomed back GV and Sky Perfect JSAT. Softbank over the past few years has tended to skew the numbers and…
11 November 2019 – Marianne Wu Moves On From GE Ventures
Nov 10, 2019 • 16 min
The Big Ones Marianne Wu, president of GE Ventures, has left the corporate venturing unit as the US-listed industrial conglomerate has agreed to sell 16 healthcare portfolio companies to an affiliate of Leerink Revelation Partners. Over the past few…
04 November 2019 – Greensill Raises $655m from SoftBank
Nov 3, 2019 • 19 min
The Big Ones Greensill, a UK-based company that taps the capital markets in order to provide working capital for businesses, received one of this year’s biggest investments in May when it secured $800m from SoftBank Vision Fund. Now it’s added a further…
28 October 2019 – We Company Gains $18.5bn in Debt and Equity Funding
Oct 27, 2019 • 11 min
The Big Ones SoftBank COO Marcelo Claure revealed on Thursday that it has committed a total of $18.5bn in debt and equity financing to WeWork owner We Company. It comes after SoftBank, on Tuesday, confirmed details of a $9.5bn rescue package for We…
21 October 2019 – SoftBank Prepares We Company Restructuring Deal
Oct 20, 2019 • 70 min
The Big Ones The latest twist in the We Company/WeWork saga is that SoftBank, the largest shareholder in the workspace operator and also the investor that provided most of its late-stage funding, is preparing a restructuring deal that will involve it…
14 October 2019 – Oyo in $1.5bn Series F Round
Oct 13, 2019 • 22 min
The Big Ones Short-term accommodation platform Oyo is reportedly in the process of raising $1.5bn in series F funding at a $10bn valuation. Existing investor SoftBank is also set to take part in the round but the big news is that Oyo co-founder and CEO…
07 October 2019 – We Co Pulls IPO
Oct 6, 2019 • 13 min
We Co, otherwise known as WeWork, formally pulled its initial public offering last week, putting a cap on what will go down as one of the most disastrous attempts to go public in recent memory. So what does that mean for corporate venturers? Is the…
30 September 2019 – Peloton Interactive Raises $1.16bn in IPO
Sep 29, 2019 • 22 min
Big Ones Who can remember anything like the We Company (that’s WeWork) saga that’s unfolded over the past fortnight? It had been targeting $3bn to $4bn in an IPO that at one time was expected to exceed the $47bn valuation at which it last raised money.…
23 September 2019 – We Company IPO Issues Ongoing + Telecoms Sector Webinar
Sep 22, 2019 • 88 min
Big Ones We have a lot of IPO news for you this week but let’s talk about We Company for a moment, because no other company has had quite as tough a time of trying to go public (not even Uber’s failure to reach the IPO price for weeks after going public…
16 September 2019 – Byton Seeks $500m Close
Sep 15, 2019 • 22 min
Big Ones Byton is one of several smart electric vehicle developers emerging from China, and it is in the process of adding investors to a round already featuring automotive manufacturer FAW as it seeks a $500m close. The company is focusing on electric…
09 September 2019 – Nikola Corporation Raises $250m
Sep 8, 2019 • 12 min
Deals Sumitomo Dainippon Pharma is acquiring a stake in medical company builder Roivant that will be at least 10%, as part of a $3bn deal that will involve it also taking Roivant’s stake in five subsidiaries. Despite being responsible for unicorns…
02 September 2019 – ThoughtSpot Closes $248m Round
Sep 1, 2019 • 13 min
The Big Ones Enterprise analytics platform developer ThoughtSpot has closed a $248m round that valued it at $1.95bn, though existing corporate investors HPE and Capital One do not seem to have participated. Megvii is one of the two key players in China’s…
26 August 2019 – Uhuru Plans to File for an IPO
Aug 26, 2019 • 8 min
Exits Uhuru to connect to UK’s public markets Pfizer spinoff Springworks is developing drug treatments for rare forms of cancer, and has filed to raise up to $115m in an initial public offering that would also allow GlaxoSmithKline to exit. Medical…
19 August 2019 – Zhihu Raises $434m at $3.5bn Valuation
Aug 18, 2019 • 10 min
Big Ones Zhihu is often referred to as China’s answer to Quora, but its services extend beyond an online community Q+A service to areas like online publishing and livestreamed sessions with experts. It’s just raised $434m at a reported $3.5bn valuation.…
12 August 2019 – Didi Chuxing Spins Off Autonomous Driving Division
Aug 11, 2019 • 13 min
Big Ones SoftBank Vision Fund recently announced that it has secured memoranda of understanding for $108bn in capital for its second investment vehicle, and SoftBank CEO Masayoshi Son has now said it will begin investing as soon as next month. Didi…
05 August 2019 – MyBank Seeks $870m at $3.5bn Valuation
Aug 4, 2019 • 19 min
Big ones MyBank was formed by Ant Financial and Fosun in 2015, and now the big data and AI-enhanced online lending platform is reportedly seeking about $870m in a round that could include both corporates at a $3.5bn valuation. Its other existing investors…
29 July 2019 – SoftBank Secures $108bn for Second Vision Fund
Jul 28, 2019 • 13 min
Big ones SoftBank confirmed on Friday morning that it has secured a total of $108bn for its second Vision Fund, providing $38bn of the cash itself. That’s slightly less than the $50bn rumoured earlier in the week, but still a significant increase on the…
Two Week Break
Jul 14, 2019 • 0 min
08 July 2019 – India-based ReNew Power Exploring IPO
Jul 7, 2019 • 12 min
The Big Ones Chinese social commerce platform Xiaohongshu was valued at more than $3bn when it last raised money a year ago, and has reportedly now entered talks with prospective investors including SoftBank’s Vision Fund for a series E round with a $500m…
01 July 2019 – Grab Boosts Series H Round to $4.8bn
Jun 30, 2019 • 12 min
Big Ones Southeast Asian ride hailing service Grab has boosted an already swelling series H round to $4.8bn, taking in $300m from investment management firm Invesco. Deutsche Telekom Capital Partners was launched by its parent company nearly five years…
24 June 2019 – Slack Goes Public with $19.5bn Valuation
Jun 23, 2019 • 77 min
The Big Ones Wealth management platform Paytm Money’s only funding so far has been a $10m investment by parent company One97 Communications, but it is said to be preparing a round that could be up to $1.2bn in size that will include SoftBank and Ant…
17 June 2019 – GE Ventures to Sell its Portfolio
Jun 16, 2019 • 13 min
A fascinating feature for you courtesy of Tony Askew, co-founder and partner of REV Venture Partners, who spoke with Global Corporate Venturing about how the media industry has evolved since the corporate venturing unit was launched in 2000. Insights…
10 June 2019 – Google Agrees $2.6bn Acquisition of Looker
Jun 9, 2019 • 12 min
The Big Ones JD.com has agreed to lead a round for electronics recycler Aihuishou that will be more than $500m in size. The deal will also involve JD.com, an investor in the company since at least 2015, merging its second-hand e-commerce subsidiary,…
03 June 2019 – Possible PhonePe Spinout from Flipkart in $1bn Deal
Jun 2, 2019 • 12 min
Big Ones Right now it feels like we’re gearing up for another period of significant funding, if the rumour mill is anything to go by. Mobile payment platform PhonePe was acquired by Flipkart in 2016, the year after it was founded, but could now be spun…
27 May 2019 – Age of Turbulence
May 27, 2019 • 11 min
Thanks to everyone who came to the Global Corporate Venturing Symposium this past week. We are entering an “age of turbulence” – the theme for this month’s GCV Symposium at London’s County Hall. Whether caused by eventual economic downturn, protectionism…
20 May 2019 – JD Health Agrees Series A Funding Suspected to Total More Than $1bn
May 19, 2019 • 20 min
The Big Ones JD.com has agreed to take in series A funding from CICC Capital, Baring Private Equity Asia and CPEChina Fund that is expected to total more than $1bn, for healthcare services subsidiary JD Health. Not the week’s biggest fund in terms of…
13 May 2019 – Uber Raises $8.1bn in IPO
May 12, 2019 • 11 min
The Big Ones Uber has finally gone public, raising $8.1bn in an IPO that allowed SoftBank Vision Fund to retain its position as largest shareholder while selling $249m of shares. The company priced its shares toward the lower end of the range, and so fell…
06 May 2019 – Rappi Raises $1bn from Two SoftBank Vehicles
May 5, 2019 • 27 min
The Big 3 Colombia-based on-demand delivery service Rappi has raised a total of $1bn from two SoftBank vehicles: the $5bn Innovation Fund managed by company COO Marcelo Claure, and its $98.6bn Vision Fund. Beyond Meat has had quite a week, first upgrading…
29 April 2019 – Uber Sets Terms for $9bn IPO
Apr 28, 2019 • 13 min
The Big 3 Uber has set terms for an IPO that will raise $9bn if it floats at the top of its range. SoftBank is among the selling shareholders, though it will remain the largest shareholder in the on-demand ride provider. Uber has also confirmed its…
22 April 2019 – Pinterest and Zoom both Float Above Their Ranges
Apr 21, 2019 • 11 min
The Big 3 Innogy Innovation Hub was formed in 2014 and its first fund was supplied with €300m (roughly $385m at that point) from Innogy, but it has told GCV that it is getting ready to raise a second fund and is exploring partnerships with additional…
15 April 2019 – Uber Files for IPO
Apr 14, 2019 • 25 min
Big ones As you all surely know by now, Uber filed for its long awaited initial public offering on Thursday, confirming that its largest investor is SoftBank Vision Fund, which owns more than 16% of its shares, while Alphabet, which has increasingly been…
08 April 2019 – Cambridge Innovation Capital Collates $196m in New Capital
Apr 7, 2019 • 11 min
The Big Three The fresh capital, anchored by University of Cambridge and its Endowment Fund, will enable patient capital-orientated vehicle Cambridge Innovation Capital to make new bets and sustain investments in its existing portfolio. Delighted Tony…
01 April 2019 – Uber to Acquire Careem for $1.4bn
Mar 31, 2019 • 14 min
The Big Three Uber has confirmed it will acquire Careem, its biggest rival in the Middle Eastern market, for $1.4bn in cash and $1.7bn in convertible notes. The price will mark a significant uptick on the reported $2bn valuation at which Careem last…
25 March 2019 – Lyft Set to Raise $1.9 – $2.1bn in IPO
Mar 24, 2019 • 22 min
The Big Ones The week kicked off with a long-awaited big one: on-demand ride provider Lyft set the terms for its IPO on Monday and is set to raise between $1.9bn and $2.1bn in an offering that will potentially value it at almost $23bn. A consortium…
18 March 2019 – Uber Lines Up $1bn in External Capital
Mar 17, 2019 • 97 min
The Big Ones Uber is lining up at least $1bn in external capital for its autonomous car division. SoftBank Vision Fund and Toyota, both of which are already investors in Uber itself, are among the consortium that is in advanced talks to supply the cash.…
11 March 2019 – SoftBank Announces $5bn Latin America SoftBank Innovation Fund
Mar 10, 2019 • 20 min
The big ones SoftBank, SoftBank, SoftBank. It feels like that’s all we’re talking about on this podcast, and that shows no sign of stopping, as the telecoms and internet group has taken the wrapper off a $5bn vehicle dubbed SoftBank Innovation Fund which…
04 March 2019 – Honda, Panasonic and Omron Become Limited Partners in NordicNinja VC’s First Fund
Mar 4, 2019 • 15 min
Big 3 Charles Conn and Patrick Pichette will join Oxford Sciences Innovation to become chief executive and chairman, respectively, with founder Dave Norwood retiring. Honda, Panasonic and Omron are among the limited partners of NordicNinja VC’s inaugural…
25 February 2019 – LPs Express Concern in SoftBank Vision Fund
Feb 24, 2019 • 20 min
Big stories Reports earlier in the week claimed some of the LPs in SoftBank Vision Fund have concerns about its centralised decision making and the high prices it has paid in its investments, but that doesn’t mean it’s slowing down. Vision Fund has led a…
18 February 2019 – Mitsubishi Takes 20% Ovo Energy Stake for $256m
Feb 18, 2019 • 14 min
Big 3 Mitsubishi Corporation has paid $256m for a 20% stake in energy retailer and smart systems provider Ovo Energy, which plans to use the funding as the basis for an expansion from Germany and its home country of the UK into markets such as France,…
11 February 2019 – Tencent and the Gaming Industry
Feb 10, 2019 • 16 min
Big Three General Electric’s corporate venturing unit is launching a content portal called Flux to help companies overcome barriers to diversity and inclusiveness. In game-industry deal-making, there’s Tencent, then there’s everyone else. As a sign of…
28 January 2019 – Stanford StartX Fund Comes to an End
Jan 27, 2019 • 11 min
The big 3 For all the talk about the big numbers of 2018 – Global Corporate Venturing tracked 2,775 deals worth an estimated total of $180bn, the details of which you can find in the January issue out and the World of Corporate Venturing annual review…
21 January 2019 – SenseTime Prepares for $2bn Round
Jan 20, 2019 • 77 min
The big ones Image recognition software provider SenseTime raised a total of $1.7bn in the year running up to May 2018, and news has emerged that it’s preparing a new round with a target of $2bn. Slack has been mooted as one of 2019’s likeliest IPO…
14 January 2019 – CloudEndure Acquired by Amazon
Jan 13, 2019 • 16 min
The big ones Reports in late 2018 suggested SoftBank Vision Fund was planning to invest between $15bn and $20bn in order to take a majority stake in portfolio company WeWork, but sources have told the FT that after the fund’s LPs balked at the idea…
07 January 2019 – Bristol-Myers Squibb Agrees Celgene Acquisition
Jan 6, 2019 • 25 min
Three biggest stories In this week’s biggest deal, pharmaceutical firm Bristol-Myers Squibb has agreed to acquire peer Celgene in a buyout made up of cash and shares that will create a $74bn business. Singapore-based on-demand ride service Grab has…
17 December 2018 – Grab Reaches $2.85bn in Latest Round
Dec 16, 2018 • 13 min
Deals Grab has boosted its latest round to $2.85bn, taking in $150m from Yamaha Motor through a strategic partnership agreement. Indonesian online marketplace Tokopedia has confirmed it has secured $1.1bn in a round led by Alibaba and SoftBank Vision…
03 December 2018 – ChargePoint Charges Up with $240m Series H Round
Dec 2, 2018 • 10 min
Covering the week’s venturing news including funding, investments, exits and people moves. This week’s episode includes: Fund news from SK China and Michelin, deal news from Altria and Getty Images, and exit news featuring Tuanche and Moderna…
26 November 2018 – Coupang Gains Second SoftBank Investment
Nov 25, 2018 • 23 min
Deals SoftBank invested $1bn in online marketplace Coupang three years ago, and has returned to provide another $2bn in funding through its Vision Fund at a $9bn valuation. South Korea-based Coupang expects to generate about $5bn in revenue this year and…
19 November 2018 – In-Q-Tel Opens First International Offices
Nov 19, 2018 • 15 min
Deals Last month Alibaba formally merged Ele.me, the food listings and delivery platform it acquired in April, with Koubei, its local services spinout which raised $1.1bn in early 2017. There were reports at the time suggesting it would source $3bn of…
05 November 2018 – Game Studio Epic Games Raises $1.25bn
Nov 4, 2018 • 13 min
Deals Game studio Epic Games has had some very notable successes including the Unreal and Gears of War series, but it’s entered the mainstream in a huge way over the past year with Fortnite, a game that passed the $1bn revenue mark in 10 months. It’s also…
29 October 2018 – Bytedance Raises $3bn at $75bn Valuation
Oct 28, 2018 • 70 min
Deals Bytedance has agreed to raise $3bn in funding from investors including SoftBank at a $75bn valuation that will make it the most valuable independent VC-backed company in the world. Manbang, the trucking services marketplace also known as Full Truck…
22 October 2018 – Alibaba Confirms Ele.me and Koubei Merger
Oct 21, 2018 • 11 min
Deals Alibaba has confirmed the merger of Ele.me, the food delivery service it acquired in April, with Koubei, the local services platform it launched in 2015 and spun off two years later. The deal will be bolstered by $3bn of funding from Alibaba and…
15 October 2018 – Saudi Arabia’s Public Investment Fund Invests $45bn in SoftBank’s Second Vision Fund
Oct 14, 2018 • 11 min
Funds SoftBank has for a few months discussed its intentions to launch a second $100bn Vision Fund, and it will have received a hefty incentive with news that Saudi Arabia’s Public Investment Fund intends to put up $45bn for the new fund. Foxconn has…
08 October 2018 – Grab Looking To Raise Another $1bn
Oct 7, 2018 • 12 min
Deals Southeast Asian ride hailing platform Grab closed $2bn in funding just two months ago, but Reuters has reported that it’s looking to raise another $1bn, and that SoftBank is close to putting up half the funding. SoftBank Vision Fund has also…
01 October 2018 – ByteDance in Funding Talks with SoftBank
Sep 30, 2018 • 66 min
Deals Reports that China-based digital media company ByteDance was seeking funding at a $75bn valuation emerged a few weeks back, but now they’ve been fleshed out with news that it is in talks with SoftBank, which could provide $1.5bn of a $3bn round that…
24 September 2018 – Uber in Talks to Acquire Rival Careem
Sep 23, 2018 • 18 min
Exits Uber is already in talks to acquire Middle Eastern rival Careem and has now reportedly in negotiations to buy food delivery service Deliveroo. The price would need to be “considerably” higher than the $2bn valuation at which Deliveroo last raised…
17 September 2018 – Smart Car Producer Banma Completes $2.3bn Funding Round
Sep 16, 2018 • 11 min
Deals Banma, the smart car producer formed by carmaker SAIC and e-commerce group Alibaba, has completed a $2.3bn funding round that included SAIC investment vehicle Shangqi Capital. Restaurant listings platform Zomato is in the process of expanding into…
10 September 2018 – Used Vehicle Marketplace Souche Raises $578m
Sep 9, 2018 • 26 min
Deals Used vehicle marketplace Souche has attracted $578m in series F capital from investors including Alibaba, Sunshine Insurance Group and CreditEase. The round has brought Souche’s total funding to more than $1.2bn, with Alibaba having also backed a…
03 September 2018 – Uber Reaffirms Toyota Partnership
Sep 2, 2018 • 12 min
Deals Uber has reaffirmed its partnership with Toyota, extending a pre-existing deal to include the development of an autonomous car-based ride hailing service, with Toyota investing $500m at a $72bn valuation as part of the deal. Berkshire Hathaway has…
27 August 2018 – Walmart Completes $16bn 77% Acquisition of Flipkart
Aug 26, 2018 • 25 min
Exits Walmart has completed its $16bn acquisition of a 77% stake in Indian e-commerce marketplace Flipkart, as part of an ongoing drive into e-commerce that has involved investments in JD.com and Dada-JD Daojia and full acquisitions of Jet.com and Bonobos…
20 August 2018 – Podcast and Radio Streaming Service Ximalaya Secures $580m
Aug 19, 2018 • 12 min
Deals With much of the western VC industry seemingly on summer holiday (and frankly, who can blame them?), it’s up to China to pick up the slack in corporate venturing. Ximalaya, the operator of a streaming platform for radio shows and podcasts, has…
13 August 2018 – Alibaba Plans to Merge Koubei and Ele.me
Aug 12, 2018 • 13 min
Deals Alibaba spun off its local services platform, Koubei, with a $1.1bn round at the start of last year, and acquired food delivery service Ele.me in April 2018 at a $4.5bn valuation. Now the e-commerce firm plans to merge the two in a deal that could…
06 August 2018 – $585m Series B+ Round for Xiaopeng Motors
Aug 5, 2018 • 21 min
Deals Grab has been on a tear in the last year, raising $2.5bn from SoftBank, Didi Chuxing, Toyota and Hyundai a year ago, before Toyota invested a further $1bn in June this year. That Toyota funding has now been doubled to make a $2bn round, the new cash…
30 July 2018 – Alphabet Shares Hit All-time High
Jul 29, 2018 • 14 min
With Facebook and Netflix stumbling without recognised corporate venturing units, it has been interesting to see the other big four US internet companies, Microsoft, Amazon, Alphabet and Apple, with powerful CVC investments report or predict strong…
23 July 2018 – First Half of 2018 Sets Up Record-breaking Spree for University-linked Deals
Jul 22, 2018 • 14 min
Funds Petrochemical group Sinopec is committing approximately $1.5bn to an investment firm that will back technologies in areas such as intelligent manufacturing, new materials and energy. BlackFin directs fintech fund to $210m close Cyberdyne assembles…
16 July 2018 – Swisscom Venture to Set Up $200m Digital Transformation Fund
Jul 15, 2018 • 19 min
Funds Telecommunications company Swisscom has run its corporate venturing unit, Swisscom Ventures, since 2005 but has constantly looked to fine-tune its approach. Its latest move is to access external investment, for a fund sized at about $200m. Swisscom…
09 July 2018 – Telstra Ventures Partners HarbourVest to Create Investment Vehicle
Jul 8, 2018 • 12 min
Funds Telstra Ventures has had some big exits in the past four years including IPOs for Snap, DocuSign and Box, but the unit is now electing to reshape itself by forming a partnership with private equity firm HarbourVest that will create a $500m…
02 July 2018 – AT&T Agrees Acquisition of AppNexus
Jul 1, 2018 • 13 min
Exits AT&T has agreed an acquisition of AppNexus reported to be priced around the $1.6bn mark, enabling WPP, Microsoft, News Corp and Deutsche Telekom to exit. PayPal sinks $120m into Simility acquisition University TTTech sells stake to B&C Xiaomi’s IPO…
25 June 2018 – Following Merger AT&T Begins Talks to Acquire AppNexus
Jun 24, 2018 • 11 min
Deals Showing that China’s online education sector continues to grow, VIPkid has raised $500m in a series D+ round that reportedly valued it at more than $3bn. Restaurant listings and reviews platform Zomato is beginning to expand into delivery services,…
18 June 2018 – Toyota Adds $1bn to Grab
Jun 18, 2018 • 14 min
Covering the week’s venturing news including funding, investments, exits and people moves. This week’s episode includes: Fund news from Bayer and Samsung Next, deal news from WeWork and Grab, and exit news featuring Splunk and Adaptive Insights, plus much…
11 June 2018 – Ant Financial Raises $14bn not $10bn
Jun 10, 2018 • 19 min
The European Commission has today released its draft budget for its next financial period to start after 2020 with its draft plans for about $100bn for innovation funding (nice analysis by Science Business here). Deals Last month, Ant Financial was…
04 June 2018 – Vision Fund Backs Cruise With Up To $2.25bn
Jun 3, 2018 • 12 min
Deals Despite the short week, Ant Financial has really been rather busy, and has reportedly now sealed a $10bn funding round led by GIC, the sovereign wealth fund of Singapore, that valued it at $150bn, which also makes this, by far, the biggest deal on…
28 May 2018 – Ant Financial’s Latest Round Pegged at $10bn
May 27, 2018 • 12 min
We are back from the annual GCV Symposium and GUV: Fusion conferences, our London events bringing together CVCs and university tech transfer leaders from around the world. Some 500 delegates gathered at the County Hall in a packed room overlooking the…
21 May 2018 – NewTV Raises $800m in Funding
May 20, 2018 • 10 min
Deals Last week’s Big Deal on Global Corporate Venturing looked at a reported $800m in funding raised by NewTV, a stealthy video content producer formed by entertainment mogul Jeffrey Katzenberg that has secured corporates such as 21st Century Fox and…
14 May 2018 – China About to Finalise $47bn Semiconductor and Chip Investment Fund
May 13, 2018 • 13 min
Deals Online medical booking and healthcare services portal WeDoctor has raised $500m at a $5.5bn valuation, securing the cash in a round co-led by insurer AIA, which is now the company’s life and health insurance partner, and conglomerate NWS Holdings.…
07 May 2018 – Tencent Leads $820m Series C for UBTech
May 6, 2018 • 16 min
Deals Baidu has spun off the likes of Baidu Video and Zuoyebang in recent years, and video streaming platform iQiyi, in which Baidu owned a majority stake, raised $2.25bn in an IPO in March. The latest deal involves the corporate’s financial services…
16 April 2018 – Ant Financial Reportedly Targeting $150bn Valuation
Apr 15, 2018 • 12 min
Deals Ant Financial, Alibaba’s financial services arm, is on its way to becoming the most valuable private VC-backed company ever, having reportedly lined up $3bn in a round that is backed by Singapore state-owned investment firm Temasek and is expected…
09 April 2018 – Management Approaches to Portfolio
Apr 8, 2018 • 13 min
Which camp are you in? In China, it seems, there is Alibaba and there is Tencent. Alibaba and Tencent account for 40% to 50% of venture capital flows in mainland China, according to data from McKinsey quoted by news provider Financial Times*. Their…
26 March 2018 – Sir Li Ka-shing to Retire from Two Businesses
Mar 25, 2018 • 28 min
Deals Alibaba has provided another $2bn for Lazada, the Southeast Asian e-commerce marketplace it had already invested $2bn in as of June last year. India-based Oyo Rooms may be the next online services provider to benefit from SoftBank’s largesse, having…
19 March 2018 – Walmart Discusses Investing $7bn in Flipkart
Mar 18, 2018 • 23 min
Deals Big-box retailer Walmart has entered discussions to invest roughly $7bn in India-based e-commerce company Flipkart at a valuation of about $20bn, Bloomberg reported on Friday, citing people familiar with the matter. JD.com’s financial services…
12 March 2018 – Magic Leap Increases Series D to $963m
Mar 11, 2018 • 17 min
Deals In last week’s Big Deal on GCV, news editor Robert Lavine looked at DoorDash, which just got its first corporate investment in a $535m series D round led by SoftBank, almost doubling its valuation in roughly two years. Augmented reality technology…
05 March 2018 – Dropbox Files for $500m IPO
Mar 4, 2018 • 34 min
Deals Internet group Tencent has led an $818m series C round for China-based automotive e-commerce platform Chehaoduo. Shougang Fund, an investment branch of steelmaker Shougang, and ICBC International, a subsidiary of Industrial and Commercial Bank of…
26 February 2018 – EasyHome Raises Over $2bn
Feb 25, 2018 • 13 min
Deals Chinese furniture and home improvement retail chain EasyHome has raised just over $2bn in a round in which Alibaba invested approximately $860m in return for a 15% stake. Uber could acquire what sources told CNBC would be a sizeable stake in…
19 February 2018 – Wells Fargo-backed Venture Firm NVP Closes $1.5bn Fund
Feb 18, 2018 • 11 min
Funds NVP, the Wells Fargo-backed venture firm has closed its largest ever fund, having secured $1.5bn to invest from seed to late stage. The mobile advertising platform Calldorado App Growth Fund will provide marketing funds for app developers using its…
12 February 2018 – Ant Financial in Potential $5bn Funding Round
Feb 11, 2018 • 15 min
Deals Ant Financial, e-commerce group Alibaba’s financial services affiliate, is reportedly preparing to raise $5bn in funding in a round that will value it at betwen $80bn and $100bn, making it the most valuable VC-backed private company of all time.…
29 January 2018 – Ping An Insurance On a Roll
Jan 28, 2018 • 30 min
Deals Ping An Insurance is on a roll. At the end of November, the insurance provider was gearing up for a $1bn IPO of Ping An Good Doctor, and now it has raised nearly $1bn for its medical data collection and analysis subsidiary Ping An Healthcare…
22 January 2018 – Alibaba Buys $3bn in Shares of Ofo
Jan 21, 2018 • 17 min
Deals Alibaba has reportedly bought $3bn in shares of bicycle rental platform Ofo from venture firm GSR Ventures at a $10bn valuation, according to reports in China that cite comments made by a relative of GSR managing director Allen Zhu. E-commerce firm…
15 January 2018 – Grab Aims for $2.5bn Series G Deal
Jan 14, 2018 • 20 min
Deals Grab has added Hyundai to a series G round that already includes SoftBank, Didi Chuxing and Toyota which the ride hailing platform aims to close at $2.5bn. Educational services provider TAL Education has joined investment firm Tiger Management to…
08 January 2018 – Kicking Off 2018
Jan 7, 2018 • 24 min
Deals WP Engine, a provider of digital experience software for online publishing platform WordPress, has raised $250m in funding from Silver Lake. Health data analysis platform SomaLogic has closed its own large round, having raised funds from Nan Fung…
01 January 2018
Dec 31, 2017 • 0 min
25 December 2017 – Christmas Message
Dec 24, 2017 • 0 min
18 December 2017 – OneWeb Follows SpaceX with a $500m Investment
Dec 17, 2017 • 27 min
Deals Days after SpaceX raised $1bn in funding, another satellite technology company, OneWeb, is lining up a $500m investment from SoftBank, which had previously put up $1bn of the $1.2bn OneWeb raised a year ago. . Office software producer Kingsoft spun…
11 December 2017 – Obsidian Therapeutics Raises $49.5m
Dec 10, 2017 • 20 min
Covering the week’s venturing news including funding, investments, exits and people moves. This week’s episode includes: Fund news from Viola and GeneChem and deal news from Neon Therapeutics and Obsidian Therapeutics, plus much more. “Funky Chunk” Kevin…
04 December 2017 – Europe ‘Guarantees’ Research & Innovation Budget
Dec 3, 2017 • 13 min
Funds Fortino Capital Partners, which has attracted $150m for the first close of its $240m vehicle that will focus on the Benelux countries. Nio Capital, the investment firm launched just under a year ago by electric vehicle manufacturer Nio, Sequoia…
27 November 2017 – $1.2bn in Grail’s Series B
Nov 26, 2017 • 33 min
Deals Illumina’s cancer diagnostics spinout, Grail, came out of stealth less than two years ago but has raised some big money since. Its series B round has been increased from $973m to $1.2bn according to a securities filing, though there’s been no…
20 November 2017 – SoftBank Uber Investment Finally Happening
Nov 19, 2017 • 28 min
Deals People have been waiting for SoftBank’s proposed investment in Uber to be confirmed, and it now appears as though it’s happening, after Uber revealed it has come to an agreement with a consortium featuring SoftBank and Dragoneer over a deal.…
13 November 2017 – TransferWise in $280m Big Deal
Nov 12, 2017 • 11 min
Deals Nio, the autonomous electric vehicle developer formerly known as NextEV, has raised in excess of $1bn in a Tencent-led round that valued it at about $5bn. Chinese peer-to-peer lender WeLab has accumulated 25 million registered users and claims to…
06 November 2017 – SenseTime Sets Up AI Fund
Nov 5, 2017 • 26 min
Funds Deep learning technology provider SenseTime is joining one of its investors, asset management firm CDH Investments, to raise a fund that will target investments in artificial intelligence technology developers. Biotech venture firm BioGeneration…
30 October 2017 – ADCT Secures $200m Private Placement
Oct 29, 2017 • 14 min
Deals Oncology drug developer ADCT has secured $200m in a private placement featuring return investor AstraZeneca, taking its overall funding to $455m. Cybersecurity management software provider Skybox Security has agreed to a $150m investment by CVC…
23 October 2017 – $4bn for Online Services Provider Meituan-Dianping
Oct 22, 2017 • 16 min
Deals Online services provider Meituan-Dianping has raised an astonishing $4bn in a funding round led by Tencent at a reported $30bn valuation, putting it just outside the world’s five most valuable VC-backed private companies. Uber and Didi Chuxing may…
16 October 2017 – Ola Raises $1.1bn in Tencent-led Round
Oct 15, 2017 • 14 min
Deals Ola confirmed today it has raised $1.1bn in a round led by Tencent, which invested $400m according to recent reports. Tujia, the online accommodation marketplace often referred to as China’s Airbnb, has secured $300m in a round co-led by Ctrip that…
09 October 2017 – Uber’s Board Approves SoftBank Investment
Oct 8, 2017 • 19 min
Deals Uber’s board of directors has approved an investment by SoftBank of up to $1.25bn, in a deal that will also give the corporate two board seats, and has resolved to launch an IPO by 2019. Indian ride hailing platform Ola has raised $400m from…
02 October 2017 – Roscosmos Establishes Space Ecosystem Fund
Oct 1, 2017 • 12 min
Deals Chinese online services portal Meituan Dianping is reportedly nearing the close of a $3bn round featuring long-term investor Tencent that will value it at up to $30bn. Alibaba has paid approximately $800m to hike its 47% stake in logistics affiliate…
25 September 2017 – Gogoro Raises $300m for Electric Scooter with Swappable Batteries
Sep 25, 2017 • 15 min
Deals Gogoro has developed an electric scooter that it sells alongside access to a network of stations where riders can swap batteries, and it’s raised $300m in a series C round featuring Sumitomo, Engie and Panasonic at a reported valuation of more than…
18 September 2017 – ZhongAn Lines up $1.5bn IPO
Sep 18, 2017 • 11 min
Exits All eyes will be on Chinese online property and casualty insurance platform ZhongAn next week as it is lining up a Hong Kong IPO that could net it as much as $1.5bn. Advanced data centre developer and builder Switch is looking at its fifth straight…
11 September 2017 – Judging Purchase Versus Investment
Sep 11, 2017 • 14 min
Exits Johnson & Johnson is celebrating an exit with the acquisition of its portfolio company NeoTract by Teleflex for a total consideration of $1.1bn. Intel Capital also celebrated an exit as its portfolio company StarCash, a digital gift card service,…
04 September 2017 – Expedia CEO Moves to Uber
Sep 4, 2017 • 16 min
Funds University OSI secures Legal & General backing Imperial gives founders a choice Government Vertex pushes beyond $150m Széchenyi gains $31m St Louis hammers out fund details Exits Dara Khosrowshahi, the new chief executive of Uber, did not waste any…
28 August 2017 – VIPKid Closes Round with Reported $1.5bn Valuation
Aug 28, 2017 • 11 min
Funds China Life and Baidu combine for $1bn fund SparkLabs sets up $50m Seah-anchored fund Kuppam’s Epsilon anticipates $350m close Government Monash BDI joins MRCF Investments SoftBank ploughs $4.4bn into WeWork VIPKid is the latest participant to close…
21 August 2017 – $1.7bn Chinese EV Investment
Aug 21, 2017 • 30 min
We talked a lot about SoftBank’s Vision Fund last week and about how it invested $2.5bn in e-commerce marketplace Flipkart, led a $1.1bn round for life sciences and healthcare technology developer Roivant Sciences and hooked up with its parent company to…
14 August 2017 – SoftBank/Flipkart Investment Following Acquisition Breakdown
Aug 14, 2017 • 34 min
Deals Flipkart’s prospective acquisition of SoftBank portfolio company Snapdeal may have broken down less than two weeks ago but the corporate has wasted no time coming up with an alternative. It has invested an amount sources told LiveMint is at least…
07 August 2017 – Possible UK National Investment Fund
Aug 7, 2017 • 41 min
Funds The government of the UK revealed it is considering the creation of a National Investment Fund to support startups that could become unicorns. The Canadian government has announced it will make its visa scheme for entrepreneurs a permanent fixture.…
31 July 2017 – The SoftBank Show
Jul 31, 2017 • 36 min
Deals Southeast Asian on-demand ride platform Grab confirmed it has raised $2bn in funding from SoftBank and Didi Chuxing, reportedly at a $6bn post-money valuation. And in other SoftBank news, the corporate has reportedly entered talks with bicycle…
24 July 2017 – Those Who Rule Data Will Rule the Entire World
Jul 24, 2017 • 18 min
Deals One of the regional ride hailing platforms backed by SoftBank and Didi Chuxing is Southeast Asia-based Grab, which is reportedly in talks to raise up to $2bn in a round that will feature both. If you read the Big Deal, you’ll know that SoftBank…
17 July 2017 – A Look at Unicorns
Jul 16, 2017 • 17 min
Editorial: A Look at Unicorns Funds Toyota’s research division, Toyota Research Institute, has launched a dedicated corporate venturing fund called Toyota AI Ventures that will invest in artificial intelligence as well as robotics, autonomous mobility,…
10 July 2017 – Looking to the End of Summer
Jul 10, 2017 • 15 min
Editorial: What do people want when the summer is over? Funds AT&T has been relatively quiet while competitors like Verizon, Telstra and SoftBank have made great strides in corporate venturing, but that may be about to change with the formation of a…
03 July 2017 – The Political Environment and Investment
Jul 3, 2017 • 22 min
Funds Cloudflare, an internet technology provider with its own security products, has launched its own $100m fund. Cybersecurity technology producer Trend Micro has inserted an initial $100m into a newly formed corporate venturing unit that will target…
26 June 2017 – Impact Revolution…Led By Entrepreneurs
Jun 26, 2017 • 15 min
News US looks into regulating Chinese investment PraxisUnico challenges universities to collaborate with industry Funds Juewei and Ele.me to cater to startups Sanovas performs $75m fundraising Corporate-backed 500 Startups Japan scales to $35m Foxconn…
19 June 2017 – Ride Hailing Services Grab Deals and Much More
Jun 19, 2017 • 20 min
Funds Ping An outlines fintech investment plans Medicxi nabs corporates to close $300m fund Novartis and Alphabet subsidiary Verily were among the limited partners for a the late-stage fund, which will complement the GSK and Johnson & Johnson-backed fund…
12 June 2017 – Essential Houzz Deals and Much More
Jun 12, 2017 • 15 min
Deals Houzz is reportedly nearing the close of a $400m round led by multi-family office Iconiq Capital that will value it at about $400m. Essential, the smartphone startup founded by Andy Rubin, formerly head of Android at Google, has reportedly raised…
05 June 2017 – Invenergy Launches Cleantech Corporate Venturing Arm and Much More
Jun 5, 2017 • 17 min
Funds Invenergy announced (just ahead of Trump’s Paris deal pullout) that it will launch a corporate venturing arm aimed at cleantech software companies. Chinese internet company 37 Interactive Entertainment has launched an investment fund together with…
29 May 2017 – Home Fitness Service Peloton Raises $325m and Much More
May 29, 2017 • 14 min
Deals Alibaba and Ant Financial are reportedly set to lead a $1bn round for food ordering platform Ele.me that will value it at up to $6bn. Peloton, the home fitness service that combines a high-tech exercise bike with a subscription-based service that…
22 May 2017 – Naspers $420m Order for Delivery Hero and Much More
May 22, 2017 • 33 min
Before we dive into this week’s news, here’s a recommendation for a more in-depth look at a recent deal. Naspers has invested more than $420m in online food delivery service Delivery Hero at a $3.1bn flat valuation. Deals SoftBank is carrying on its…
15 May 2017 – SoftBank Leads Improbable $502m Investment and Much More
May 15, 2017 • 12 min
Deals The $5.5bn round on-demand ride provider Didi Chuxing just confirmed was closed at a $50bn valuation that means it is closing ground with rival Uber in terms of size, and the company has indicated it will use the cash to finally expand globally.…
8 May 2017 – Didi Chuxing Confirms $5.5bn in New Funding and Much More
May 8, 2017 • 15 min
Cloudera’s $225m initial public offering has been relatively successful so far, with the enterprise big data company floating above its range and seeing its share price rise more than 20% on its first day of trading. I Deals Didi Chuxing has confirmed…
1 May 2017 – Bank Holiday Message
May 1, 2017 • 0 min
No episode this week due to the British Bank Holiday Weekend. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
24 April 2017 – SoftBank Considers $1bn+ Deal and Much More
Apr 24, 2017 • 13 min
Deals SoftBank is reportedly considering paying upwards of $1bn for a 20% stake in One97 Communications, the Indian e-commerce firm that’s also the parent company for mobile payment platform Paytm. China Vanke has become the second domestic property…
10 April 2017 – Lyft Raises $500m & Unusual IPO for Spotify Plus Much More
Apr 10, 2017 • 31 min
Deals It feels like the whole Flipkart/Snapdeal funding/merger saga’s been going on forever by this point but news continues to flow out of the respective camps, the latest being that Flipkart could well close between $1.2bn and $1.5bn in funding from…
3 April 2017 – Panasonic Puts $100m into Corporate Venturing and Much More
Apr 3, 2017 • 15 min
Funds Panasonic to put $100m into corporate venturing German consumer product and industrial manufacturer Henkel has been exploring corporate venturing over the past year as part of a larger open innovation strategy, and has now formalised its investing…
27 March 2017 – MuleSoft’s Shares Soar Following $221m IPO and Much More
Mar 27, 2017 • 14 min
MuleSoft raised $221m in its IPO on Friday, only to see its share price soar to almost twice the mid-point of its range. The offering is good news for the IPO market generally but also for enterprise software providers looking to go public. Deals Flipkart…
20 March 2017 – Netflix’s Regional Rival iFlix Secures $90m and Much More
Mar 20, 2017 • 16 min
Although Netflix is the global market leader when it comes to online video streaming subscription services, regional rivals are beginning to raise substantial sums, particularly in Asia where iFlix has just secured $90m at a valuation of more than $500m.…
13 March 2017 – Airbnb Closes Series F, IPO for Snap and Much More
Mar 13, 2017 • 13 min
Deals Airbnb has closed its series F round at just over $1bn, bringing its overall equity funding to $3.4bn. Instacart, the company touted as ‘the Uber of grocery shopping’, has raised $400m at a $3.4bn valuation, with VC firm Sequoia leading the round…
06 March 2017 – British Business Bank’s $500m fund and Much More
Mar 5, 2017 • 18 min
Funds Foxconn, the contract manufacturer that’s already backed the $100bn SoftBank Vision Fund, has now also dropped $600m on a majority stake in the telecoms group’s Asia-based tech-focused investment arm SoftBank Asia Capital. Baloise has committed $50m…
27 February 2017 – Westpac Supplies A$100m to Reinventure for Disruptive FinTech and Much More
Feb 27, 2017 • 17 min
Deals SoFi is reportedly close to completing a $500m funding round backed by existing investor SoftBank. Speaking of SoftBank, editor-in-chief James Mawson has taken a deep look at its $3.3bn acquisition of Fortress Investment Group a week ago. Internet…
20 February 2017 – Ford Invests in Argo AI, Enterprise Ireland backs 4 Funds and Much More
Feb 19, 2017 • 15 min
Deals SoftBank has agreed to pay $3.3bn to acquire Fortress Investment Group, an investment manager with some $70bn of assets under management. Jera, the joint venture formed by Japanese energy utilities Tokyo Electric Power and Chubu Electric Power, has…
13 February 2017 – Used Vehicle Marketplace Uxin Raises $500m and Much More
Feb 12, 2017 • 13 min
Deals Mobile wallet operator Mobikwik has raised more than $120m from an investor base that includes corporates Net1, Cisco, American Express, GMO and Mediatek, and is currently in talks with investors for a round that could value it at up to $1bn, CEO…
23 January 2017 – $20m Series B-1 for Moon Express, Rocket Internet Capital Partners Fund Closes at $1bn and Much More
Jan 22, 2017 • 16 min
Deals Chinese used vehicle marketplace Uxin has raised $500m in new funding, making it only the latest player in the sector to close a nine-figure round. Mobile commerce platform Letgo has taken its overall funding to $375m since the start of 2015 with a…
16 January 2017 – Funding Circle Raises $100m, Starship Technologies Raises $17.2m Seed Funding and Much More
Jan 15, 2017 • 12 min
Deals Insurance and reinsurance firm Arch Capital Group has contributed to a $510m round that has launched Premia Holdings, a Bermuda-based company that will offer property & casualty runoff insurance to businesses. Chinese real estate service Lianjia…
9 January 2017 – Welcome to 2017 with Bike Sharing Deals, Fund backing from Apple and Much More
Jan 8, 2017 • 11 min
Deals Easy Life Financial Services, a tourism-focused financial services spinout of aviation and travel conglomerate HNA Group, has raised approximately $273m in series B+ funding from a string of Chinese investors. Bike sharing looks likely to be a big…
19 December 2016 – $225m for BlueRock Therapeutics, Microsoft Ventures Invests from its AI Fund and Much More
Dec 18, 2016 • 14 min
Deals Bayer and investment firm Versant Ventures have jointly provided $225m in series A funding for a regenerative medicine startup called BlueRock Therapeutics. Symphony emerged two years ago with $66m from 14 banks and followed that funding up with a…
12 December 2016 – Tinder creates Swipe Ventures, Australia launches $150m Csiro fund and Much More
Dec 11, 2016 • 14 min
People Mary Kay James, previously a managing director at DuPont Ventures, has joined Tyson Foods as the US-based meat processor unveils a $150m corporate venturing unit dubbed Tyson New Ventures. Mike Dimelow, former vice-president of strategic business…
5 December 2016 – HTC $1.45bn VR Fund, BMW Increases Fund to €500m and Much More
Dec 4, 2016 • 15 min
Covering the week’s venturing news including funding, investments, exits and people moves. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
14 November 2016 – Imax VR Fund, Space Mining for Luxemburg and Much More
Nov 14, 2016 • 11 min
News Walgreens sues portfolio company Theranos for $140m Alphabet rebrands Google Capital as CapitalG Funds Ten oil their way to $1bn fund Imax screens partners for $50m VR fund University Corner Ramot harnesses corporates for $20m investment initiative…
7 November 2016 – Alibaba cultivates $1.5bn Fund, $100m First Fund for Keen and Much More
Nov 7, 2016 • 8 min
People Lak Ananth has left US-based technology company Hewlett Packard Enterprises (HPE) to join Germany-based conglomerate Siemens as managing partner of its €1bn ($1.1bn) Next47 corporate venturing unit. Markus Solibieda has left private equity firm…
31 October 2016 – Intel Capital invests $38m in 12 startups, MIT creates an Incubator called Engine and Much More
Oct 31, 2016 • 13 min
Investments Chinese personal finance management platform U51 raised $310m in its series C round less than a month ago but has already added $84m from retail group InTime Commercial and asset manager Harvest Global Investments. NBCUniversal invested $200m…
24 October 2016 – Temasek Invests $250m, SoftBank and Saudi Arabia Create a Fund and Much More
Oct 24, 2016 • 13 min
Investments Cancer drug developer ADC Therapeutics has taken its total financing to $225m with a $105m private placement that included existing investor AstraZeneca. Mobike has closed more than $100m in funding from investors including Tencent. Mitsui has…
17 October 2016 – Short Break
Oct 17, 2016 • 0 min
No podcast this week but we’ll be back next week with all the biggest corporate, government and university venturing news. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
10 October 2016 – Possible Snap IPO, Exit for Time Warner Investments, Investment News and Much More
Oct 10, 2016 • 13 min
Feature GV’s new leader’s steady hand People Microsoft continues rapid hiring and investment pace Leeney leaves Telefonica Funds Spanish VC firm Kibo Ventures has raised $79m for the first close of its second fund, which it aims to expand to roughly $110m…
03 October 2016 – Funding news from Canada, the EU and the UK, Exits for Nokia and Much More
Oct 3, 2016 • 15 min
People Jack Leeney, US head of investing for Telefonica Ventures, the corporate venturing unit of the eponymous Spain-based phone operator, has left after nearly five years at the firm in order to be a partner at SP Global Capital. Microsoft Ventures has…
26 September 2016 – Deals for LeEco and Airbnb, Finance Wales Launches Wales Business Fund plus much more
Sep 26, 2016 • 14 min
Deals LeEco, has announced a $1.08bn funding round backed by Lenovo and Macrolink, and will use the funding to further develop LeSee, an autonomous electric car it is working on with Aston Martin and Faraday Future among others. Airbnb has reportedly…
19 September 2016 – Clear Vision Investment, A Fund for Baidu and Russian State Exits plus much more
Sep 19, 2016 • 14 min
Deals AcuFocus, developer of a medical device that improves near vision, has raised $66m in a KKR-led round. Microprocessor and system-on-chip technology developer Soft Machines came out of stealth mode in late 2014 with $125m from investors including AMD…
12 September 2016 – Automotive Deals, UK Funds and more funding for Didi Chuxing plus more
Sep 12, 2016 • 14 min
Deals Best Logistics has closed a massive $760m funding round that shows how big China’s logistics sector is growing in the wake of the country’s e-commerce success. SoFi received $1bn from backers including Renren and SoftBank at a $4bn valuation in…
5 September 2016 – A look at Lidar, $1bn fund for UK Ministry of Defence and more
Sep 5, 2016 • 27 min
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…
29 August 2016 – University and Government Venturing Summer Catchup and more
Aug 29, 2016 • 12 min
Investments One97 Communications, which has reportedly raised almost $1bn to date, most of which came after it formed mobile payment subsidiary Paytm in 2010. It’s now set to formally split from Paytm and has set up a separate entity for its e-commerce…
22 August 2016 – Autonomous and Smart Car Investments, $30bn Fund in China and more
Aug 22, 2016 • 14 min
Funds China has just reportedly approved the establishment of a state-owned $30bn VC fund in Shenzhen. ONGC to drill into startups with $15m fund Uber and Digi to experiment with Malaysian ideation lab Cambridge Innovation Capital (CIC), a university…
15 August 2016 – VR and Food Delivery Investments, GV People Moves and more
Aug 15, 2016 • 14 min
People Friday was Bill Maris’s last day at GV, the corporate venturing unit he helped to set up for search engine Google in 2009. But it is a new start for David Krane, who is taking the CEO position at GV (formerly known as Google Ventures) and who will…
01 August 2016 – Asian Funds, MyTaxi hails Hailo, University Record Breaking and more
Aug 1, 2016 • 33 min
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…
25 July 2016 – Last week’s biggest investments, funds, exits and people moves
Jul 25, 2016 • 15 min
Covering the week’s venturing news including funding, investments, exits and people moves. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
18 July 2016 – The Power Behind Pokémon Go raises $181m plus more
Jul 18, 2016 • 9 min
Investments Unity, which is the game engine that helped build Pokémon Go, raised $181m in its series C round led by DFJ Growth and including China Investment Corporation – the sovereign wealth fund of the People’s Republic. A $45m investment for iCarbonX…
11 July 2016 – Microsoft Venturing Fund, Exits for Multiple Companies and Investment News plus more
Jul 11, 2016 • 23 min
People Rich Miner helped to launch Google Ventures in 2009 as general partner but seven years later, he’s dropped down to a venture partner position so he can concentrate on a secretive edtech project within the Google organisation. Microsoft Ventures…
04 July 2016 – Crispr investment, Siemens fund and more Intel Capital people moves plus more
Jul 4, 2016 • 10 min
News and Deals Corporate On GlobalCorporateVenturing.com, the week’s biggest news was the downfall of Zenefits, a US-based HR software provider that closed a $500m series C round backed by Comcast in May 2015. Not only has the company struggled to deliver…
27 June 2016 – Blade Therapeutics, Kellogg, and IPOs for Twilio and Selecta Biosciences and more
Jun 27, 2016 • 9 min
Deals Corporate While not technically new, we have more information on the massive $7.3bn round for Didi Chuxing that we talked about on last Monday’s podcast. Poly Group, a Chinese state-owned real estate and trading business, contributed a whopping…
20 June 2016 – Post-lean interview with Frode Odegard, Didi Chuxing, FII, Rgenix, Imperial Innovations and more
Jun 20, 2016 • 28 min
Didi Chuxing, the ride-sharing app developer that’s been causing a headache to Uber, has raised the largest venture round of all time with $7.3bn in combined equity and debt financing. Verto Analytics in a $16.1m series B round from Finnish Industry…
13 June 2016 – Cisco shakeup, Line flotation, Oxford ISIS rebranding and more.
Jun 13, 2016 • 12 min
Cisco is in the news for not so positive reasons following the walkout of its spin-in team. Exits Line, the messaging platform, wholly-owned by Naver, is aiming for $1bn in proceeds at a valuation of $5.5bn Thailand-based back-office services provider…
06 June 2016 – Funds from Microsoft and Romulus, job moves, Alibaba and Uber gain investments and more
Jun 6, 2016 • 13 min
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…
30 May 2016 – Bank Holiday Monday
May 30, 2016 • 0 min
No episode today due to the UK bank holiday. The podcast will be back as usual next week. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0
23 May 2016 – Johnson & Johnson, Invitalia, Geodesic Capital, Kaspersky, Slack Technologies, Intel and more
May 23, 2016 • 28 min
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.…
16 May 2016 – Naspers, Kuang-Chi, HP, Malaysian Islamic fund, Hyperloop, VenBio and more
May 16, 2016 • 13 min
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,…
9 May 2016 – Ford invests in Pivotal Software, Chehejai gets charged up, Adobe buys RayVio, Lenovo establishes a fund and many people moves
May 9, 2016 • 9 min
Investments Ford led a $253m round for Pivotal Software, a spinout of EMC and VMWare. These two corporates also joined the most recent round, alongside Microsoft and existing backer GE. Chehejia is now $120m better off after investors including water pump…
2 May 2016 – Sirin Labs, Weiying, Ant Financial, Nexthink, HTC, Neva Finventures, European Investment Fund and more
May 2, 2016 • 7 min
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…
25 April 2016 – Arvind Sodhani, Alibaba, JD.com, Baidu, Gensights Biologics, Gree, Mars Petcare, Birmingham University and more
Apr 25, 2016 • 22 min
VC Creation 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…
18 April 2016 – Didi Kuaidi, Alibaba, Khazanah Nasional, Intellia Therapeutics, Novartis, Google Ventures and more
Apr 18, 2016 • 8 min
Deals Global Corporate Venturing Didi Kuaidi is said to be approaching a $1.5bn close for its latest round. It’s also been a particularly busy week for Alibaba, the e-commerce giant that makes no secret out of its ambitions to be a company that will…
11 April 2016 – Ant Financial, Alibaba, Human Longevity, Slack, Africa Internet Group, the IFC and more
Apr 11, 2016 • 11 min
Deals Global Corporate Venturing By far the biggest deal of the past week comes from China, where Ant Financial, the financial services affiliate of e-commerce giant Alibaba, is set to raise more than $3.1bn at a valuation of $60bn. Alibaba meanwhile also…
04 April 2016 – LeSports, Yiguo, Betterment, Jucero, Emulate, M-Files, IDG Ventures India, IBM Ventures, Siemens Venture Capital, Imperial Innovations, Oakland University and more
Apr 4, 2016
Deals In the corporate venturing world, the biggest deal happened in China, where sports media company LeSports closed a massive $1.2bn round backed by HNA Group. Another seemingly big round was closed by online grocer Yiguo, which didn’t reveal an amount…
21 March 2016 – Intel Capital, Qualcomm, Spoonrocket, Corvus Pharmaceuticals, Hutchison China MediTech, GenomeDx, LendInvest, DouyuTV, Cainiao and more
Mar 21, 2016
Exits Intel Capital is reportedly looking to sell up to $1bn worth of its venture assets. Qualcomm meanwhile looks to have scored a major exit after General Motors agreed to buy driverless vehicle technology developer Cruise Automation in a deal…
14 March 2016 – Ant Financial, Flipkart, WeWork, Astroscale, Precision Ocular, Replay Technologies, Lasergen, Stanford University and more
Mar 14, 2016
Deals Ant Financial, the financial services affiliate of Chinese giant Alibaba, which is seeking up to $3bn at a valuation of $60bn while it reportedly prepares for an IPO next year. An equally impressive, if significantly less $1bn is being sought by…
7 March 2016 – Google Capital, Alphabet, Magic Leap, Snapchat, Mercari, AXA, Slack, Souqcom, Vertex, Purdue University, Oregon State University and more
Mar 6, 2016 • 14 min
Deals We tracked 132 deals in the month. While this would be the lowest month for deal activity since September 2014, it is not much below activity in many of the months during the last year and a half, while it is significantly above most months in 2014…
29 February 2016 – Tsinghua Unigroup and TCL Corporation fund, University of California and RNT Associates, Uxin, Didi Kuaidi, Razer, Nestlé, Qualcomm and more
Feb 29, 2016 • 9 min
Funds The start of Mobile World Congress which saw Nokia Growth Partners (NGP), the venture capital firm sponsored by communications equipment maker Nokia, start a $350m fund that will invest in internet of things (IoT) technology companies. Electronics…
22 February 2016 – Campbell Soup, Statoil, landscaping in China, MindMaze, Yello, Volvo, Google, Pie and more
Feb 22, 2016 • 8 min
Fundraising Food technology developers like Impossible Foods and Juicero have raised some big rounds over the last year or two and that’s spurring food product makers to start entering corporate venturing in a significant way. General Mills set up a…
15 February 2016 – Chinese new year, fintech investor BBVA, Innogy Venture Capital, triple French biotech fund, Unicef, Shanghai reimburses venture capital firms and more
Feb 14, 2016 • 11 min
Funds Financial services provider BBVA has been a notable fintech investor since early 2013 when it formed a $100m fund that has since backed companies including DocuSign, Taulia and Prosper. The bank has now elected to upgrade its participation,…
8 February 2016 – Munce retires, Jasper exit, Sesame Street, Pierre Fabre and more…
Feb 7, 2016 • 13 min
Big news – people moves Claudia Fan Munce’s retirement as managing director of IBM’s Venture Capital Group, following other high-profile departures such as Nagraj Kashyap and Arvind Sodhani over the past year. Tom Hockaday leaving Isis. Exits Jasper…