Breaking News
0

Venture capital deals of the week

Stock MarketsJan 13, 2018 09:46AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Venture capital deals of the week
  • New fund: Automakers Renault (OTC:RNSDF, OTCPK:RNLSY), Nissan (OTCPK:NSANY, OTCPK:NSANF), and Mitsubishi (OTCPK:MMTOF) announced plans to establish Alliance Ventures. The venture capital fund will invest up to $1B over five years in vehicle electrification, AI, and autonomous systems. Renault SA (PA:RENA) and Nissan will both pitch in 40% of the financing and Mitsubishi will finance the remaining 20%.
  • Alliance Ventures expects to invest up to $200M in its first year with a strategic investment into Ionic Materials serving as the first deal. Ionic Materials develops solid-state cobalt-free battery materials.
  • Translation platform: Microsoft Ventures (NASDAQ:MSFT), Salesforce Ventures (NYSE:CRM), and Samsung (KS:005930) Next (OTC:SSNNF, OTC:SSNLF) participated in a $23 Series B round in Unbabel, a Lisbon-based developer of an “AI-powered, human-refined” translation platform for enterprise users. Scale Venture Partners led the round and Notion Capital, Caixa Capital, and Funders Club also participated.
  • Unbabel uses machine learning and a network of about 55K human translations to power the translations across any type of online communication via an API and integrations with Salesforce, WordPress, and other enterprise software.
  • The round brings Unbabel’s total funding up to $31M, according to Crunchbase.
  • Data analytics: GE Ventures (NYSE:GE), Honeywell Ventures (NYSE:HON), and ABB Technology Ventures (NYSE:ABB) participated in a $19.5M Series A round in Element Analytics, a San Francisco-based data analytics management and integration software provider. Other participants included Mitsui & Co., Aster, Blue Bear Capital, and Kleiner Perkins. The round brings total equity funding in Element Analytics up to $22M.
  • The startup’s Element Platform can process, manage, and integrate large amounts of data from a wide variety of sources including sensors, engineering systems, and operational systems. The Platform creates “dynamic digital representations of physical equipment and assets” for easy and accurate analysis.
  • Robo-taxi: Jaguar’s (NYSE:TTM) venture capital arm InMotion Ventures chipped in $3M of a $15M funding round in Voyage, a robo-taxi service. Other investors included Khosla Ventures, SV Angel, Initialized Capital, Amino Capital, and Charles River Ventures. The round brings total funding up to $20M to date.
  • Voyage has a license to start testing self-driving cars in California this year. The startup competes with several other autonomous vehicle projects including Uber (Private:UBER) and Alphabet’s Waymo.
  • Bug finder: GV (GOOG, GOOGL) participated in a $9M Series B round in Bugsnag, a cloud-based service that helps developers find software bugs. Other investors included Matrix Partners and Benchmark Capital. The round brings Bugsnag up to over $17M in funding.
  • Bugsnag monitors the performance of apps across environments from browser to backend and reports errors in a diagnostic report that focuses on the nature of the bug rather than the number of issues.
  • 2017 revisited: The U.S. venture capital industry invested $84B in 2017, the highest since the dot-com boom, thanks in part to unicorns. The money went to 8,035 companies across 8,076 deals, according to the PitchBook-NVCA Venture Monitor annual report. Unicorns (companies valued at over $1B) accounted for $19.2B of the total.
  • PitchBook CEO John Gabbert: “While the figures are comparable to the dot-com era, the VC ecosystem appears healthy and driven by different dynamics. Later-stage companies with strong consumer traction are commanding large rounds of financing.”
  • Previously: Venture capital deals of the week (Jan. 6)
  • Now read: General Electric: A High Yield Payout That Can't Be Cut


Original article
Venture capital deals of the week
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email