Karthik Subramanian, Cisco Investments’ former head of cybersecurity investments and acquisitions, has joined the growth equity firm as a partner.
Month: October 2018
Energy sector grows again
Sector report: Energy
The second GCV Asia Congress: Rise of Dragon & Tiger Tech II
Special report: GCV Asia Congress 2018
Strong third quarter for corporate venturing
The following is a snapshot of the data we have collected on investment activity over the past three months. To verify reported deals, we contact about 300 corporate investors each quarter – these comprise roughly 18% of the global CVCs we cover, but account for most of the deals that are made public.
Guardhat gets cracking with $20m series A
Subsidiaries of 3M and Caterpillar have both backed smart industrial hardhat developer Guardhat, boosting its overall funding to $24m.
Carbonara joins Citi Ventures
Matthew Carbonara, has left a senior director role at Cisco Investments to join Citi Ventures as a managing director.
Landray beams up DingTalk funding
Alibaba has backed smart enterprise tools provider Landray through its DingTalk communication app office, building on earlier collaborations between Landray and the corporate’s AliCloud unit.
Tencent deposits $180m in Nubank
Digital banking service Nubank has raised $180m from Tencent at a $4bn valuation, increasing its overall equity funding to about $505m.
Kraft Heinz commits $100m to Evolv
Evolv Ventures will be headed by ex-Lightbank partner Bill Pescatello and will fund startups developing technology for the food industry.
CarDekho motors to $75m round
Dentsu and Times Internet have reportedly both invested in a $75m round for the automotive e-commerce marketplace that could eventually reach $170m.
Twist Bio turns to IPO filing
The synthetic DNA technology developer, which counts Illumina, WuXi PharmaTech, Kangmei and Institut Mérieux, has filed to raise up to $86.3m.
PGDx intersects with Innovatus in $42m deal
Innovatus agreed to invest up to $42m in Personal Genome Diagnostics, whose existing backers include Bristol Myers-Squibb, Helsinn and Inova Health System.
Cerecin sells Wilmar on $50m round
Brain health product developer Accera has rebranded to Cerecin with a $50m round led by Wilmar International.
ClimaCell blows to $45m series B
Existing backer JetBlue Technology Ventures and new strategic partner Ford Smart Mobility have both invested in the microweather detection technology developer.