Allied Minds suffers $58.2m losses

The commercialisation firm, which has had a tumultuous 2017 so far that included a $146.6m writedown and the appointment of a new CEO, has had losses increase to $58.2m.

Galaxy no longer stars in IP Group fundraising

Beijing Galaxy World Group was set to contribute $30m to IP Group’s $264m fundraising effort, but failed to secure regulatory approval from Chinese authorities.

Alphabet acquires Senosis Health

University of Washington spinout Senosis Health has developed apps that monitor various aspects of a user’s health, from lung function to haemoglobin count.

Keyssa keys into more funding

The data transfer technology spinout of UCLA has revealed it has raised $53m in funding since 2014, and has formed a strategic partnership with investors including Samsung and Foxconn.

Qualcomm decodes Amsterdam’s Scyfer

Scyfer, a spinout from University of Amsterdam that is working on machine learning technology, has been acquired by Qualcomm for an undisclosed sum.

UNC Chapel Hill drives local economy

A mid-year report on North Carolina’s economy shows the impact generated by spinouts and startups emerging out of UNC Chapel Hill is growing.

IotaMotion devises $2m seed round

University of Iowa spinout IotaMotion has collect seed capital to help develop its robotic system for cochlear implant surgery.

Minnesota celebrates record year

University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.

USM gains momentum with Wise

David Wise has been appointed director of the Maryland Momentum Fund, a $25m vehicle that supports companies emerging from University System of Maryland.

Facebook likes Fayteq

Fayteq, a real-time video editing technology developer spun out of TU Ilmenau, has been acquired by Facebook for an undisclosed sum.

Licensing efficiency of academic technology transfer: are there better indicators?

Arundeep Pradhan discusses the Autm Licensing Activities Survey and asks if there is a better way to track the performance of tech transfer offices.

Corporate venturing deal net: 14-18 August 2017

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Fundraising

Gobi Partners gets in GS to raise $50m

The venture firm has reached a $50m first close for its latest fund, which is targeting a $200m close, securing GS Shop as a limited partner.

Nationwide puts out $100m corporate venturing plan

The insurance and financial services provider, which set up a venture capital unit last year, is set to provide more than $100m in funding to startups.

Lilly Asia Ventures closes fourth fund on $450m

The Eli Lilly-backed firm has closed its oversubscribed fourth fund, LAV Biosciences Fund IV, reportedly raising the capital in only two months.

Alliant allies itself with EIP

Energy-focused collaborative private equity firm Energy Impact Partners has secured Alliant Energy as its latest energy utility partner.

Big Deal: SoftBank Vision Fund goes big

Vision Fund’s $2.5bn investment in Flipkart last week, together with its huge bets on Fanatics and Roivant, could indicate where it plans to invest in the longer term.

Media Tech Venture Studio to meet eight

The Verizon Ventures and R/GA-backed media startup studio has chosen its first eight participants, each of which will receive $100,000 of funding.

Exits

Mashable measures up options

The Time Warner and Tribune Media-backed digital media property is reportedly exploring a possible sale but maintains it is merely looking to raise new funding.

Youon docks at $87m IPO

Youon has become the first bike sharing company to complete an initial public offering in China, providing an exit to Alibaba’s Ant Financial affiliate.

Despegar draws up $100m IPO plans

Latin American travel booking platform Despegar has filed to go public in the US, two years after Expedia invested $270m for a 16% share in the company.

Digi.me gets Personal in merger deal

Swiss Re-backed data exchange platform Digi.me has joined forces with data security company TeamData, the two having jointly raised more than $45m.

MongoDB makes confidential IPO move

The Salesforce, Intel and Red Hat-backed database software provider, valued at $1.6bn as of 2016, has reportedly filed for an initial public offering.

Luxe considers parking its assets at Volvo

The carmaker is in talks to acquire assets and intellectual property from Volvo and GV-backed on-demand parking app Luxe, which has raised $75m.

Glossybox enters The Hut in acquisition deal

The Hut Group has paid an undisclosed amount to acquire Rocket Internet-backed cosmetics subscription service Glossybox in a deal that will help it grow geographically.

Deposit Solutions saves up to buy Savedo

Savings and investment platform Savedo, which had raised about $12m, was backed by WeltN24 and has now been acquired by Deposit Solutions.

Wantedly wanders toward public markets

The CyberAgent and Nihon Keizai Shimbun-backed recruitment and networking platform developer is set to float in its home country of Japan next month.

Unomy goes to WeWork

WeWork has paid an undisclosed amount to acquire sales and marketing intelligence software provider Unomy, allowing Leta Capital to exit.

IT

Ripcord unfurls $40m series B

The records management technology developer has secured $25m in equity and $15m in debt financing, just five months after closing a Legend Star-backed series A round.

Keyssa keys into more funding

The data transfer technology developer has revealed it has raised $53m in funding since 2014, and has formed a strategic partnership with investors including Samsung and Foxconn.

Thoughtspot thickens series C to $120m

The enterprise analytics software provider has added $60m to a round that include Capital One Growth Ventures and Hewlett Packard Pathfinder, taking its total funding to $160m.

Rakuten helps send OneSignal to series A

Push notification technology provider OneSignal has raised $7m in series A funding from participants including existing investor Rakuten Ventures.

Ucpaas loads up $45m with help from M800

M800 has participated in the cloud communication platform developer’s series B round, which was led by Mangrove Capital and backed by Legend Capital.

Health

MedAware measures out $8m for series A

Becton, Dickinson and Company has participated in a round that took the GE Ventures-backed medication analysis technology provider’s total funding to $8m.

Unity upscales series B to $151m

Anti-aging therapeutics developer Unity Biotechnology has added $35m to a WuXi PharmaTech and Mayo Clinic-backed series B round that it has now closed at $151m.

Atreca attracts $35m in series B round

GlaxoSmithKline-backed Atreca has now raised $91m in total and will use the series B proceeds to advance a pipeline of therapeutics based on human immune responses.

Ankon anchors SBCVC to raise $100m

Ankon Technologies, developer of a capsule-based gastric cancer diagnostics system, has received funding from investors including SoftBank’s Chinese CVC subsidiary.

Zimmer skims off a skin cancer vehicle with $7m

Zimmer MedizinSysteme has spun out a skin cancer treatment developer called Zimmer BioTech that has raised $7m from backers including High-Tech Gründerfonds.

Sun Pharma gives sustenance to Krystal Biotech

Gene therapy developer Krystal has received $7m in funding from Sun Pharmaceutical Industries, in a deal that values the startup at roughly $44m.

Media

IMS New Media markets $90m series C

Sina Weibo has contributed to a series C round for IMS New Media Group, valuing the social media marketing company at about $1.5bn.

SoundCloud gets rescued with $170m investment

Raine Group and Temasek have reportedly acquired a majority stake in beleaguered, Twitter and Chernin Group-backed music streaming platform SoundCloud.

TuneIn radios Comcast to raise $50m

The GV-backed online radio network has boosted its total funding to $140m with a $50m round co-led by Comcast Ventures, Marker and Institutional Venture Partners.

Emtek reveals two new portfolio companies

The media company has taken stakes in on-demand ride platform Grab and mobile game developer Ice House, according to its latest financial report.

Consumer

Tokopedia takes $1.1bn in Alibaba-led round

New strategic partner Alibaba led the Indonesia-based e-commerce marketplace’s latest round, which may have included SoftBank and Sequoia Capital.

NuOrder charts $8m series B

The CAA-backed stock ordering platform has now raised almost $22m altogether, after closing a series B round that included Novel TMT.

Corporates help buy up $27m of Sale Stock

Sinar Mas Digital Ventures and media group MNC have participated in a series B+ round for women’s fashion e-commerce company Sale Stock.

Meitu augments HiScene’s series B round

Augmented reality goggles and software developer HiScene has received approximately $14.9m in a Shanghai Cableway Investment-led round.

Telecoms

Iconectiv plugs into $200m

Francisco Partners has purchased a 16.7% stake in Iconectiv, a subsidiary of Ericsson that has developed technology to interconnect telecom networks.

Energy and Natural Resources

Engie electrifies three

The energy utility has teamed up with its employee investment fund to invest in renewable energy companies Mera Gao Power, Kingo Energy and Atec.

Industrial

Lenovo helps arm YangTian with $7.5m

Robotic arm developer Tianjin YangTian Technology raised the money in a pre-series A round led by strategic investor Lenovo Capital and Incubator Group.

Transport

TuSimple drives its way to $20m

Sina has led the autonomous trucking technology developer’s series B round, investing alongside Nvidia GPU Ventures.

Huochebang hauls in $56m

The logistics platform has secured $56m in a series B-3 round, adding to more than $270m raised from investors including Baidu Capital and Tencent since December.

Investors queue up for a $12bn ride on Uber

Four prospective investors including SoftBank and Didi Chuxing have signed an exclusivity agreement and could buy up to $12bn in primary and secondary shares.

BAIC BJEV accelerates with $1.7bn

Beijing Automotive Group’s electric vehicle subsidiary has collected $1.7bn in a series B round featuring 14 investors including China Cinda Asset Management and Zhongji Investment.

Ola takes $36m from Tekne Capital

A subsidiary of hedge fund sponsor Tekne Capital Management has invested in the series G round being raised by Ola, which is also backed by SoftBank and Didi Chuxing.

Services

SoftBank contemplates a cash delivery to Rivigo

Rivigo stands to receive at least $100m and possibly as much as $400m from SoftBank in a deal that would value the logistics services provider at close to $1bn.

Puls gets in the rhythm to secure $25m

The electronic device repair service has rebranded from CellSavers and raised new funding from investors including corporate venturing unit Samsung Next.

HomeLight gets real to raise $40m

The GV-backed online realtor marketplace has now secured a total of $55m, having raised $40m in a series B round featuring Citi Ventures.

Knightscope detects $10m from public offering

The autonomous security system developer, which is backed by NTT Docomo, Konica Minolta and Flextronics, has closed the first half of a mini-IPO.

Shea Ventures helps refuel Filld

On-demand refuelling service Filld has raised $9.65m in a series A round led by JF Shea’s corporate venturing unit.

Zuoyebang pores over $150m series C

Baidu spinout Zuoyebang has added $150m in funding from investors including Legend Capital and will use the capital to strengthen its online education platform.