A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
Weekly corporate venturing deal net: 11-15 May 2015
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Fundraising
Corporates help MPM close $400m fund
MPM Capital has closed an oversubscribed $400m life sciences venture fund that counts Novartis and Astellas among its limited partners.
Square raises cash for small business funding
The payment services company plans to advance hundreds of millions of dollars to small businesses in return for a percentage of their future card sales.
Corporates join Mission for $25m fund
Novozymes and Sobrato Organisation were among the backers for life sciences-based venture firm Mission Bay Capital’s oversubscribed second fund.
Telkom to connect with South African startups
The telecommunications company has launched an $8m funding initiative for small businesses in its home country and formed a partnership with incubator Bandwidth…
