Big deal: Novo pens $800m Ziylo acquisition
Ziylo, a spinout from University of Bristol that is working on a diabetes treatment, has been acquired by Novo Nordisk for a total that could exceed $800m.

Ohio joins Midwest XOR’s roster
Ohio University has signed up to a Kentucky-led online portal aimed at sourcing C-level executives for university-linked businesses.

VTT winds down Spinnova stake
VTT Ventures has exited textile fibre developer Spinnova, spun out from the research centre in 2014.

Serum braces for Vakzine acquisition
The vaccine developer had been backed by Helmholtz’s tech transfer partner Ascenion, its sponsor association Friends of the HZI and pharmaceutical consultancy Corvay.

Principia Biopharma primes $86m IPO
Principia Biopharma, whose drug discovery platform is based on research at UCSF, has filed for an $86.3m initial public offering having raised $50m earlier this month.

Nexgen reaps $2.2m
Queensland crop breeding spinout Nexgen Plants has been backed by multi-university venture fund Uniseed, Business Development Fund and Yuuwa Capital.

IP Group fills in Crossword on partnership
IP Group has joined forces with tech transfer company Crossword Cybersecurity to target the launch of more cybersecurity spinouts.

Prapela grows out of Harvard research
Prapela will commercialise medical devices for infants administering to fight drug withdrawal and cardiorespiratory problems.

Dexcom collects TypeZero
Diabetes management device manufacturer TypeZero has become University of Virginia Licensing and Ventures Group Seed Fund’s first exit.

RXQ compounds $3.6m in funding
RXQ Compounding, backed by Ohio Innovation Fund, has added $3.6m in series A funding from Advantage Capital to its coffers.

Apogen regenerates series A
Merck Group has joined existing investors to provide a $4m extension that brought the total for Minnesota spinout Apogen’s series A round to $11m.

Corporate venturing deal net: 20-24 August 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

Skala to let down ladder to startups

The Gree Ventures and Salim Group-backed accelerator partnership will pay $30,000 for a 5% stake in each of its Indonesian participants.

THG meets Techstars for Indianapolis accelerator

The Heritage Group will invest $120,000 in each of 10 materials science, environmental services and specialty chemicals startups through the scheme.

Krungsri commits to SBI fund

SBI AI and Blockchain Fund has secured corporate venturing unit Krungsri Finnovate as a limited partner as it seeks a $453m close.

MUFG demos third accelerator batch

Credit Engine won the top award while five other participants in MUFG Digital Accelerator were also showcased.

Latitude gets Sinar Mas assistance for $200m fund

Latitude Venture Partners, a growth-stage venture capital affiliate of Sinar Mas, has raised $200m for its inaugural fund.

Drone Fund seeks out $45m close

KDDI, Sega Sammy, Aucfan, Japan Asia Group, Leave a Nest and Nihon Unisys are all backing the fund on its way to a projected close next month.

SAP.io’s presents NY Foundry participants

The New York branch of SAP.io Foundries has showcased its first nine participants in a demo day.

Bumble buzzes into new fund

Bumble Fund has secured $1m in capital commitments from its parent company and will invest up to $250,000 in female-founded startups.

People

Morales’ journey reaches Outlier

Rumi Morales, head of CME Group unit CME Ventures from 2013 to 2017, has joined blockchain-focused Outlier Ventures as a partner.

Lee finds Silk Ventures road

Leonard Lee, formerly global head of new business models and services for Airbus, has taken a partner position at Silk Ventures.

Dasgupta plugs into National Grid

Swati Dasgupta, a director at Siemens unit Next47, has taken the same role at another corporate investment arm, National Grid Ventures.

Omron Ventures absorbs Inoue

Tomoko Inoue, formerly senior manager at MedVenture Partners, joined corporate venturing unit Omron Ventures as chief executive earlier this year.

Visa invites Williams to strategic investment position

Otto Williams, formerly the corporate’s vice-president of innovation and strategic partnerships, will head strategic partnerships and ventures in the CEMEA region.

Boshier helps Yamaha venture to Australia

Yamaha Motor Ventures & Laboratory Silicon Valley has opened an Australian office which will be run by BCG alumnus Craig Boshier.

Exits

Eventbrite enters itself for $200m IPO

The Square-backed event ticketing management software provider has disclosed almost $360m in venture funding.

Dada Room moves into Roomi

Roomi has acquired Dada Room, a graduate of Telefónica’s Wayra Mexico accelerator, for an undisclosed sum.

Ant Financial puts IPO on the back burner

Alibaba’s financial services affiliate closed a $14bn series C round two months ago but has  significantly pushed back plans to float.

Alibaba allots substantial capital to Trendyol investment

Alibaba’s investment in Trendyol has been revealed to be a majority stake acquisition that valued the e-commerce marketplace at $750m.

Ascentage approaches Hong Kong IPO

Ascenta spinoff Ascentage Pharma, which also counts 3SBio and Unity Biotechnology as backers, has filed to float having raised about $235m in funding.

Farfetch takes chances with $100m IPO filing

JD.com and Advance Publications both hold stakes greater than 5% in the fashion e-commerce platform, which has raised more than $700m in funding.

Entasis seeks taste of public markets

The AstraZeneca antibacterial medicine spinout aims to raise $86.3m in an initial public offering that could also herald an exit for Novo.

Principia Biopharma primes $86m IPO

GlaxoSmithKline-backed Principia Biopharma has filed for an $86.3m initial public offering having raised $50m earlier this month.

Walmart finalises $16bn Flipkart investment

SoftBank and eBay are among the exiting investors in the e-commerce marketplace, while Tencent and Microsoft will retain stakes.

Qutoutiao brings forth news of $300m IPO

The Tencent and Xiaomi-backed news aggregation platform was founded two years ago but was reportedly valued at $1.6bn in March.

Cootek inputs $100m IPO filing

The mobile input technology developer plans to float in the US, two years after raising cash in an SIG-backed round.

I-Mab charts path to $500m IPO

Tasly-backed immunotherapy developer I-Mab Biopharma is reportedly eyeing a Hong Kong flotation having recently raised $220m in funding.

Kinnevik migrates $35m to Kolonial

Kinnevik bought a 15% stake in Rasmussen, Varner and Arctic-backed online grocer Kolonial in a primary and secondary transaction.

IT

Sitetracker locates corporates for $24m series B

Wells Fargo Strategic Capital and Salesforce Ventures joined existing backer NEA for a round that will help the asset management platform grow globally.

Nylas nails down series B funding

Slack was among the participants as the application communications technology developer raised $16.2m to more than double its overall funding to $30m.

USAA returns to Robin Systems in $17m round

Application management software provider Robin secured funding in a USAA Ventures-led series B round that took its total funding to $39m.

Drawbridge lets in $15m

Mitsui-backed customer data platform Drawbridge has now raised a total of $70m, securing its latest funding from other existing investors.

Slack packs $427m into series H round

Dragoneer and General Atlantic co-led a round that valued the SoftBank, Comcast and Alphabet-backed communication platform at more than $7.1bn.

Health

Apogen ups series B round to $11m

M Ventures was among the investors that added $4m to a first tranche featuring Eli Lilly, WuXi AppTec, AbbVie Ventures and Johnson & Johnson Innovation – JJDC.

One Medical makes $350m appointment with Carlyle

Carlyle Group is investing up to $350m in healthcare provider One Medical through a primary and secondary share deal.

Ascension pushes Renovia to $32m series B

Renovia, a developer of technology to treat pelvic floor disorders, raised money in an Ascension Ventures-led round backed by OSF Ventures.

One Medical seeks $200m from consultation

The GV-backed care provider is in late-stage talks for a $200m investment by Carlyle Group alongside a $100m secondary share purchase.

Alibaba dispenses cash to Ensure Chain

Ali Health will buy a 14.5% stake in retailer Guizhou Ensure Chain Pharmacy for $61.3m and has the option to increase it to 25%.

Media

BitStar aligns for series C funding

Asahi Broadcasting, Colopl, WFLE, Asahi Shimbun and Nagoya Broadcasting Network helped provide $11.7m for the influencer marketing platform.

Seengene seeks out Legend Star in series A

Legend Holdings unit Legend Star participated in a $17.5m round for the augmented reality startup, which is targeting $50m in its next round.

Consumer

Legend Capital goes Gaga in $26m series A

Legend Capital has led a series A round for teahouse chain Gaga Cafe, which also attracted an unnamed industrial investor.

Boxed packs $111m into latest round

Aeon led the round, which valued wholesale mobile commerce platform Boxed at $470m, taking its funding past the $240m mark.

Xiaomi helps Tongshifu craft series B round

The copper goods producer has secured more than $45m in a round that included Xiaomi Ventures, reportedly as an existing investor.

Financial

CreditEase accesses Upgrade in $62m series C

The corporate’s strategic investment fund led a round that valued the consumer credit platform at $500m, taking its total funding to $142m.

KoinWorks mints series A round

Bank Mandiri and fellow corporate Gunung Sewu both took part in a $15.8m series A round for online lending platform KoinWorks.

Rakuten catches Black Fish in $50m round

Rakuten Ventures has co-led a $50m series A-plus round for e-commerce company Black Fish that also featured a Fullshare Group subsidiary.

Sirius takes a piece of Pie in $11m round

Business insurance startup Pie Insurance has now raised a total of $16m, having received series A funding from backers including Sirius Group.

Transport

GV helps Carmera capture $20m

Carmera, an autonomous vehicle mapping technology provider, has received funding in a series B round led by GV that will support global expansion.

CassTime tunes up with more series B cash

Fosun RZ Capital returned to back a $36.4m series B3 round for car services provider CassTime Technologies, bringing its total series B funding to $95m.

Hyundai drives Revv to series B

On-demand car rental service Revv has secured $14.3m in a round led by carmaker and new strategic partner Hyundai.

Getaround zooms to $300m series D

The SoftBank-led round included strategic partner Toyota and will fund the geographic expansion of the car sharing platform.

SoftWheel turns to Musashi Seimitsu in $25m round

Musashi Seimitsu invested $6m as part of a Rothschild Bank-led series C round that reportedly valued SoftWheel at almost $140m.

Services

Alibaba and SoftBank christen new vehicle with $3bn

Alibaba spinoff Koubei has joined forced with the corporate’s newly acquired Ele.me, with more than $3bn from Alibaba and SoftBank.

Latch admits corporates to $70m series B

Property developers Tishman Speyer and Camber Creek took part in a Brookfield Ventures-led round that boosted the security system developer’s total funding to $96m.

Homelike welcomes Lürssen to $14m round

The business accommodation supplier raised money in a round backed by shipbuilder Lürssen that will fund hiring, growth and product development.