“We will need to develop new technology and redesign the energy system around the customer. We want to be at the forefront of that global, tech-enabled transition to a zero carbon energy system,“ according to Ovo founder and CEO Stephen Fitzpatrick in an interview with the Financial Times. Mitsubishi Corporation has paid $256m for a 20%… Continue reading Editorial: Tech will save us in energy transition
Month: February 2019
Analysis: Reddit gets $300m
Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation
Dandelion warms up $16m series A
Geothermal heating and cooling system provider Dandelion Energy received $16m in a Comcast Ventures-led round that included GV and Lennar.
Corporate venturing deal net: 11-15 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Arvelle arrives with $100m
Axovant Sciences has spun out its small molecule team into a startup called Arvelle, which will develop an anti-epileptic drug after raising more than $100m in external funding.
Go-Jek sets sights on $3bn
Go-Jek is seeking bankers to work on a round already backed by JD.com, Google and Tencent that it now aims to close at $3bn.
Oyo completes $1bn booking
Didi Chuxing has invested $100m in the hotel platform, allowing Oyo to close a $1bn round led by SoftBank Vision Fund and backed by Grab.
Burning Rock fires up $126m series C
Lilly Asia Ventures had contributed to cancer diagnostics technology provider Burning Rock’s series C round, which was led by GIC.
GM makes way to Wejo with $25m
General Motors has reportedly purchased a 35% stake in the automotive data sharing platform through a cash and data deal that valued it at $275m.
Vor roars to $42m series A
Novartis and Johnson & Johnson have contributed to a series A round for Vor Biopharma, an oncology drug developer co-founded by PureTech Health.
RapidDeploy gets $12m funding dispatch
Samsung Next and GreatPoint Ventures supplied series A capital for emergency response software provider RapidDeploy, which recently moved from South Africa to the US.
Stripe lines Rapyd’s pockets in $40m round
Stripe and General Catalyst co-led the series B round, which reportedly increased the finance management software developer’s total funding to $60m.
Lilly Asia Ventures lifts $40m for fifth fund
Lilly Asia Ventures has secured a $40m commitment for its fifth biosciences fund, LAV Biosciences V, from San Francisco’s city and county pension fund.
Groner goes to Koch Disruptive Technologies
Eli Groner, former director-general at the office of the prime minister of Israel, has been hired by Koch Disruptive Technologies as an Israel-based managing director.