Consumer

This week's Big Deal looks at what Samsung stands to gain from the acquisition of Technical University Dresden's spin-out Novaled and its OLED patents.

Japanese trading conglomerate Itochu Corporation has become the latest investor in international fashion and lifestyle e-commerce company Fab. The deal follows a prior investment by Itochu Technology Ventures, the corporate venturing unit of Itochu, in the initial $150M Series D kick-off round announced on June 19th.

Samsung and subsidiary Cheil Industries acquire Dresden spin-out Novaled.

Fitness tracking device maker Fitbit raises $43m funding from investors including corporate venturers SoftBank Capital, SAP Ventures and Qualcomm Ventures.

Photo community 500px raises $8.8m series A finance led by Andreessen Horowitz and Harrison Metal.and joined by investors including Creative Artists Agency.

KDDI Open Innovation Fund, the corporate venturing unit of Japan telecommunications group KDDI and venture capital firm Global Brain, has invested an undisclosed amount of funding in Japan-based flash sales e-commerce site Monoco.

KDDI, the corporate venturing unit of Japan telecommunications group KDDI, has set its sights on Nanapi, a consumer information sharing site that boasts 60 million monthly page views. The latest round was worth $2.7m and brings the start-ups funding to date to $6.1m.