Regulation

Karuna tunes into $42m series A
The psychiatric and cognitive disorder drug developer secured the financing in a round backed by its founder, PureTech Health.
Outcome Health investment ends in court
The US Department of Justice and the SEC are investigating Outcome Health for fraud while investors including Alphabet are suing the company.
FTC calls foul on DraftKings/FanDuel merger
The US Federal Trade Commission has joined two US states to seek an injunction blocking the merger of the corporate-backed daily fantasy sports companies.
Bank Negara lets four startups play in sandbox
The financial services firm has approved four companies to join its regulatory sandbox, enabling the businesses to launch their financial services.

Other News

Global Government Venturing Leadership Society launched
The leadership society will serve as a vehicle to connect corporate venturing units to contacts within the governments of countries in which CVCs wish to invest, and will also act as a local contact point for nascent corporate venturing networks.
Nihon Kotsu hails Money Design
The taxi and limousine services provider joined corporates Recruit and Kyoto Bank in the latest funding round for the Dentsu-backed robo-adviser.
Walgreens sues portfolio company Theranos for $140m
The size of the suit represents the amount Walgreens had invested in the beleaguered blood testing company, once valued at $9bn.
Europe plans venture fund and regulatory change
Government house
Zenefits shreds series C valuation to quell investor discontent
The HR software provider has raised the stake issued in May 2015 through the $500m Comcast-backed round from 11% to 25% in the wake of a regulatory scandal.

Editor's Picks

Concern mounts about European proposals
Various members of the corporate venturing industry have contacted Global Corporate Venturing to say they are concerned about proposed changes to European competition law. The European Commission recently consulted on a white paper which could chill venture investing by corporates in Europe.
France plans to unleash corporate venturing
A new finance measure should become effective by mid-2014, under which French companies or French subsidiaries of global companies will be incentivised to make riskier investments in small, innovative businesses.
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