Fos4X turns to UVC for $10m series B
Wind power digitalisation technology supplier Fos4X previously secured support from Unternehmertum Venture Capital Partners in 2013 and 2015.

Sintef Venture V collects $61m
Venture V, whose limited partners include the European Investment Fund, will invest in spinouts from Sintef and NTNU.

Biomin polishes $2.6m round
Toothpaste manufacturer Guangdong Kanwan Cosmetics is among Biomin’s initial investors and will also help commercialise the Queen Mary spinout’s dental additive in China.

Microsoft pitches Flipgrid acquisition
University of Minnesota spinout Flipgrid has been acquired by Microsoft for an undisclosed sum, three years after raising $17m.

Onera eases into seed-stage slumber
Wearable sleep tracking device manufacturer Onera has raised an undisclosed sum after spinning off from TNO and nanoelectronics maker Imec.

Embodied takes in $22m series A
Calibrate Ventures has led a $22m series A in Embodied, a robotics developer co-founded by USC professor Maja Matarić.

Preserve absorbs $500,000 seed round
Preserve is set to launch a sports drink in October 2018 based on Flinders University research into hydration.

Trio secure $750,000 from Purdue fund
The three investees include regenerative cardiovascular medicine developer CorMatrix, which had previously raised a total of $38.5m in funding.

Covariant lines up Q Fund as investor
Formerly known as Embodied Intelligence, Covariant has attracted an undisclosed amount from Samsung’s newly launched Q Fund.

WindMIL turns to FoxKiser for series B
Existing investor FoxKiser has returned for a $32.5m round that follows the cancer immunotherapy T cell developer’s series A two years ago.

Frontier IP tests Cambridge Material
Cambridge Material Testing Solutions has been established to develop software and equipment that let industrial clients assess the condition of their metal assets.

Edinburgh and Wayra embark on accelerator
University of Edinburgh has been selected as a partner for Wayra UK’s first accelerator in Scotland, which will focus on AI and blockchain technologies.

UCL helps inject $116m into Freeline
UCL and Syncona have both returned for Freeline’s series B round, which will spur clinical development of the spinout’s gene therapy for haemophilia B.

Cambricon canters to nine-figure series B round
Chinese Academy of Sciences returned to back its spinout Cambricon’s series B round, which has attracted hundreds of millions of dollars.

Elph enters the House for pre-seed funding
Elph, co-founded by UC Berkeley graduates, has raised $875,000 in a round backed by the House Fund.

OUP to raise $250m fund
Osage University Partners has launched efforts to raise a $250m third fund.

HexaTech sparks reaction from $2.7m round
North Carolina State University semiconductor material spinout HexaTech will seek $3.5m from its latest round to bring its overall funding to roughly $12m.

Iowa State accelerates startups near and far
Iowa State’s Startup Factory Network will train ten startups over 52 weeks at ISU Research Park, while another eight businesses will participate remotely from northern Iowa.

Swansea wields Kubal-Wraith
Steel furnace monitoring developer Kubal-Wraith has made its public debut, winning a $33,000 prize from Worshipful Company of Armourers and Brasiers.

Matr does the math on $6.3m series A
UCL has backed digital tuition platform Matr with funding and its support in creating a university-accredited qualification for training online teachers.

iTeos takes on $74m series B
Vives has invested in iTeos Therapeutics, an immunotherapy spinout from Université catholique de Louvain and the local branch of Ludwig Institute for Cancer Research.

UAVC selects first three spinouts
Codelucida, Regulonix and Post.Bid.Ship have all been backed by UAVenture Capital.

Aptinyx upgrades initial public offering to $102m
The Northwestern University-backed neurologic disorder therapy developer floated at the top of its range, increasing the share volume at the same time.

Liongard opens portcullis for $1.3m seed round
Houston’s student-run Cougar Venture Fund was among the investors in IT services automation technology developer Liongard’s first funding round.

Micrima sets its sights on $5.8m
Bristol breast imaging spinout Micrima has upped its funding to $10.7m, having previously been backed by the university’s Enterprise Fund and SetSquared.

Silexica slices open $18m series B
RWTH Aachen’s Silexica has now raised $28m altogether for its software optimisation package for embedded supercomputer applications such as autonomous vehicle technologies.

Aurora smooths path to Anandia acquisition
UBC cannabis services spinout Anandia has been acquired by marijuana distributor Aurora Cannabis for $86.5m as Canada prepares to legalise the drug for recreational purposes.

Corporate venturing deal net: 18-22 June 2018

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

Fundraising

Chevron to shake up investment with $100m fund

Corporate venturing unit Chevron Technology Ventures has formed a $100m vehicle known as Future Energy Fund to back lower-emission technologies.

Crooz reaches VC investment stage

The fashion e-commerce company is raising $18m for an investment subsidiary known as Seven Woods Investment.

Wayra and Edinburgh combine for AI accelerator

Telefónica’s Wayra UK subsidiary has teamed up with University of Edinburgh for an accelerator that will focus on artificial intelligence and blockchain.

Agorai arranges artificial intelligence accelerator

The artificial intelligence tool marketplace established the accelerator as part of a $26m investment drive in the UK’s AI space.

Speedinvest spies corporates for $58m fund

Raiffeisen and Uniqa have contributed to a fund that will help the firm expand from seed-stage deals to series A and B rounds.

Sintef sets up $61m seed fund

The research organisation has provided $13.5m for the fund, which also features Reitan Kapital, Orkla and SpareBank1 SMN Invest as limited partners.

EDP powers up $8m Brazilian fund

Newly formed corporate venturing unit EDP Ventures Brasil will invest at seed and series A stage on behalf of the Europe-based energy provider.

Exits

Stellar to pay $500m to connect to Chain

Chain, which has raised $43m from investors including Visa, Orange, Nasdaq, Fiserv, Capital One and Citi, could be acquired for $500m in cash and tokens.

Aptinyx upgrades initial public offering to $102m

The Nan Fung-backed neurologic disorder therapy developer floated at the top of its range, increasing the share volume at the same time.

Xiaomi nets cornerstone investors for $6bn IPO

Qualcomm, China Mobile and SF Express are among seven cornerstone investors that will buy 10% of the shares in the Hong Kong offering.

AT&T dials up AppNexus for $1.6bn acquisition

Online advertising platform AppNexus is in talks with AT&T over a deal that would follow more than $340m of funding from backers such as WPP, Microsoft, News Corp and Deutsche Telekom.

Cisco makes it to July acquisition

Indoor location software provider July Systems, which has received funding from Intel, Acer and Motorola, is set to be bought by Cisco.

SurveyMonkey officially sets course for IPO

The Alphabet and Salesforce-backed online survey platform, valued at $2bn as of 2014, has revealed it has confidentially filed to go public.

Domo directs itself to $202m IPO target

The Salesforce and WPP-backed business data platform has set the range for an offering that would raise $202m at the top of its range.

Flipkart squares Cube26 exit in Paytm acquisition

Paytm has paid an undisclosed amount for the AI technology developer, which raised $7.7m in a Flipkart-backed round in 2015.

Home24 moves into public markets

Rocket Internet remains the largest investor in the home products marketplace, which has floated in a $174m initial public offering.

IT

Nginx revs engine for $43m round

App development tool supplier Nginx has now raised $103m altogether, with a series C round that followed a Telstra-backed series B.

Cylance proves golden to raise $120m

The endpoint security software producer, which counts Citi, Capital One, Dell and TenEleven as investors, has now raised almost $300m in total.

Cambricon canters to nine-figure series B round

Alibaba Innovation Ventures returned to back deep learning chip developer Cambricon’s series B round, which has attracted hundreds of millions of dollars.

Immuta handles corporates to secure $20m

The AI data management software developer has raised money in a series B round featuring Dell Technologies Capital and Citi Ventures.

Embodied edges through series A with $22m

Intel Capital, which had previously backed the Amazon and Sony-backed companion robot developer in 2016, also took part in its latest round.

CrowdStrike hits series E to raise $200m

CapitalG returned for a round that boosted the endpoint protection platform’s overall funding to more than $480m, valuing it at more than $3bn.

Kustomer cuts to $26m series B

The CRM platform developer has now raised a total of almost $39m and welcomed Cisco Investments as a new backer.

SGE services Phorest with funding

Phorest, a developer of salon and spa management software, has received $23.2m from Susquehanna Growth Equity that will fund global expansion.

Health

SenseTime hails Helian in $75m series B

The AI imaging technology producer has led a round that valued hospital wifi provider Helian Health at $900m.

iTeos accesses 6 Dimensions to raise $74m

Immuno-oncology drug developer iTeos Therapeutics has secured funding in a 6 Dimensions Capital-backed series B round.

Decibel amps up with $55m series C

Decibel Therapeutics, which is developing drugs to combat hearing loss, raised the cash in a round that included SR One, Regeneron and GV.

Stealth BioTherapeutics emerges with $100m

Stealth has secured $100m in convertible note financing across two rounds, one of which was led by Nan Fung Technology’s Pivotal Beta.

WindMIL turns to FoxKiser for series B

Existing investor FoxKiser has returned for a $32.5m round that follows the cancer immunotherapy T cell developer’s series A two years ago.

Mevion beams up $150m

The radiation therapy system provider has now raised more than $500m altogether, having received funding from backers including Henan Maisheng. 

Media

Taihe records $154m in funding

Taihe Music Group has secured funding from investors including Legend Capital, three years after merging with Baidu’s Qianqian Music.

Consumer

Zomato prepares $400m funding dish

The Info Edge-backed restaurant listings platform has entered talks with investors including Ant Financial for a round that would value it at $2bn.

Swiggy tops up funding with $210m

Swiggy has raised cash in a round featuring Naspers and Meituan-Dianping that valued the food delivery service at $1.3bn.

Financial

Nextmarkets notches up more series A cash

Axel Springer Media for Equity was among the investors as the financial coaching service closed its latest round at $11m.

SigFig signs up for $50m

Existing investors New York Life and UBS came back for a series E round that increased the wealth management platform’s total funding to $120m.

SmartAsset asserts itself in $28m series C

Citi Ventures came on board as an investor in the financial advisory platform, which also counts Ageon and New York Life as backers.

Digital Insurance Group gets money from Zurich

Zurich Insurance has co-led a $17.3m round for insurance technology developer DIG alongside a collaboration agreement.

Viva Republica authorises $40m in funding

The PayPal and Qualcomm-backed financial services app developer has received $40m from GIC and Sequoia China, taking its total funding to $117m.

Industrial

SpinLaunch catapults to $35m series A

Stealth-stage SpinLaunch, which is developing a kinetic energy-based space launch system, raised the cash from investors including Airbus and Alphabet.

Transport

Porsche helps Rimac find series B finish line

The carmaker has acquired a 10% stake in electric vehicle developer Rimac Automobili, adding to a $35m investment by Camel Group in September.

Services

VIPKid graduates to $500m series D+

Tencent, which backed the tutoring platform’s $200m series D last year, returned to co-lead a series D+ round that valued it at more than $3bn.

Peek books in $23m series B

The CAA-backed tour activity booking platform took its overall funding to about $40m with a Cathay Innovation-led round.

Acumatica accumulates $25m in series C round

The proceeds will enable the MYOB-backed business organisation software producer, which has now raised $55m in total, to accelerate growth.

Zomato pledges $15m to Loyal Hospitality

Food preparation services provider Loyal Hospitality will partner Zomato, which has invested $5m out of a planned $15m, on food deliveries.