Europe

SoftBank bolsters Vision Fund with new hires
SoftBank Vision Fund has hired Kirthiga Reddy as a Silicon Valley-based venture partner and Carolina Brochado for its London office.
L’Oréal shows corporate venturing is worth it
Cosmetic brand L'Oréal's Bold Business Opportunities for L’Oréal Development has already made its first investment, in online fragrance creator Sillages Paris.
Blippar slips toward insolvency
Kazanah Nasional is reportedly blocking emergency funding for the Qualcomm-backed AR technology developer, which has raised some $137m while trying to locate a sustainable business model.
NavVis maps out $35m series C
Kozo Keikaku Engineering and BayBG were among the investors in a round that took the indoor mapping technology developer's total funding past $45m.
WaveOptics makes a splash with $26m
Robert Bosch Venture Capital reinvested in the augmented reality technology developer as part of a round that valued it at $96m.
Del Palacio departs from M12
Itxaso del Palacio has left her partner position at M12 in order to become an investment director at venture firm Notion Capital.
Genomics gees up series B round
Drug discovery technology provider Genomics has closed a second tranche of its oversubscribed series B round to increase its size to $41.7m.
Acast accepts $35m in series C round
The Bonnier Growth Media-backed podcast marketplace has taken series C funding at a $190m valuation, boosting its total funding to more than $67m.

Other News

Finland adds to corporate impact investing
Energy utility Fortum is putting $170m into venture firm Valo Ventures, which was founded by CapitalG alumnus Scott Tierney.
Agricool heats up with Danone funding
Danone unit Manifesto Ventures has participated in a $28.5m round for Agricool, which grows strawberries in containers, and which plans to now hire 200 more staff members.
Element covers $26m series A
SBI Group and existing investor Signal Iduna both backed a round that will support digital insurance platform Element's international expansion.
Corporates help send series A cash to Sentryo
The industrial-focused cybersecurity software provider has raised $11.3m in a series A round backed by Sopra Steria and existing investor Breed Reply.
Icos cultivates another corporate for $57m fund
Royal Cosun has joined fellow corporates Bühler, AkzoNobel and Wuppermann as LPs in the cleantech and sustainability-focused fund.
Ultrahaptics savours $44.8m sensation
Cornes has pumped more cash into Bristol's haptics technology spinout Ultrahaptics to take its total to $84.3m.

Editor's Picks

Schneider Electric recharges corporate VC vehicle
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
SNCF gets in BlaBlaCar for $114m round
SNCF has invested in BlaBlaCar, the buyer of its bus transport subsidiary, Ouibus, in a round that took the carpooling platform's total funding to $450m.
Orchard IPO bears $200m of fruit
GSK, Sphera Global and Medison-backed gene therapy developer Orchard Therapeutics raised $200m in an offering that could possibly close at $230m.
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