Venture Capital

Mubadala mobilises SoftBank in $400m fund
SoftBank has reportedly invested $200m in a Europe-focused venture capital fund formed by Mubadala, which had committed $15bn to its Vision Fund two years ago.
Straub gets the rub at Bioventure
Siemens Technology Accelerator venture director Nico Straub has taken a partner position at Bioventure Consulting after nearly six years at the unit.
MML seeks corporate commitments for second fund
The Irish private equity investor is reportedly approaching AIG, Goldpoint and Cigna, all of which backed the firm's debut vehicle in 2013, for commitments to its Fund II.
Armilar accepts Semapa and KNP for fifth fund
The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.
HiberCell absorbs series A funding
The metastatic cancer drug developer has secured $60.8m from investors including Celgene and the WuXi AppTec-backed 6 Dimensions Capital.
BBG beckons outsiders to new fund
BBG Ventures, which was founded by AOL and is now funded by Verizon Media, is reportedly seeking external commitments for its next fund.
Partech packs $143m into African fund
Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.
Madison Reed adds contrast for $51m series D
Hair colouring supplier Madison Reed, which is backed by Comcast and JF Shea, is pursuing a multi-channel distribution strategy and has now racked up $121m in capital altogether.

Other News

Menlo Ventures hires Qualcomm’s Haghighi
Houman Haghighi has followed seven years at corporate venturing unit Qualcomm Ventures by joining Menlo Ventures as a business development partner.
JG Summit makes commitment to Ascent
The conglomerate joined fellow limited partners Temasek and Asian Development Bank to back a $50m fund raised by Ascent Capital Partners.
Finn marches on to March Capital
Meredith Finn, a former senior director at Salesforce Ventures who helped launch its Impact Fund in 2017, will leverage her expertise in enterprise software at March Capital.
Corporates help Set Ventures ready third fund
Shell, BNP Paribas and PTT Group have all made commitments to the third fund to be raised by energy-focused VC firm Set Ventures, which is targeting an $85.5m close.
Williams leaves Shell for NGIF
Shell Ventures investment principal Tyler Williams has joined Natural Gas Innovation Fund as an executive committee member.
Comcast's Yang to hang at Omers
Michael Yang, managing director at Comcast Ventures for nine years, will oversee Omers Ventures’ US-based office as a managing partner.

Editor's Picks

Analysis: CVC-backed deals as part of the entire VC realm
In this short piece, we provide a comparison of our GCV Analytics data with Pitchbook’s data up until the end of the third quarter of 2018.
Huashenghaoche drives series D to $210m
Minsheng Financial Leasing-backed online car marketplace Huashenghaoche has received $210m from investors including spinoff JD Finance and Goldman Sachs.
Innovent enters public markets with $421m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang-backed Innovent Biologics priced its shares near the top of the range of to raise $421m.
Chehaoduo shifts into next round with $162m
Seven months after raising $818m in a series C round led by Tencent, Chehaoduo has added $162m in series C-plus funding alongside a $430m commitment from the city of Kunshan.
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