Rabo Frontier Ventures now has $170m under management to invest in fintech and agtech developers, and will expand its focus internationally.
Month: February 2019
Rivian rides Amazon to $700m
Amazon has led the electric truck developer’s latest round, which featured existing backers likely to have included corporates Abdul Latif Jameel and Sumitomo.
Opendoor looks to access $200m
Opendoor, whose shareholders include GV and SoftBank Vision Fund, is reportedly seeking $200m at a $3.7bn valuation, which would take its total funding to $1.25bn.
Shell to store Sonnen in acquisition deal
Sonnen is set to be acquired by existing investor Shell for an undisclosed sum, while General Electric, Envision Energy and Inven Capital will also exit.
Eli Lilly enters Passage Bio in series A round
Passage Bio has launched to develop treatments for diseases affecting the central nervous system, after raising almost $116m in a series A round backed by Lilly Asia Ventures.
CK Hutchinson ventures into Sight Diagnostics’ series C
CK Hutchinson’s Longliv fund has made its first investment, leading the medical diagnostic system producer’s $27.8m series C round.
OP helps operate Nordcloud funding
OP Corporate Bank has backed a $22.6m round for Nordcloud, which the cloud infrastructure developer will use to hire new staff and grow internationally.
Mitsubishi charts further DMP investment
Mitsubishi Electric Corporation and INCJ provided a total of $36m for the mapping technology developer while Japan Infrastructure Initiative added an undisclosed amount.
Sciwind blows through series A stage
Legend Capital led a $29.5m round for SciWind, which is developing treatments for metabolic and liver diseases, with backing from Kawin Technology.
Depsys deepens cash reserves in series B round
The Statkraft-backed energy management software producer has secured $13.1m series B funding from financial services firm BNP Paribas and Set Ventures.
Joor soars in $16m series C
The wholesale fashion e-commerce platform will expand into Asia with the proceeds from the Itochu-led round, which boosted its total funding to $36m.
Catapult Capital catches JibJab
Catapult has partnered St. Cloud Capital to buy the electronic greeting card platform for an undisclosed sum, allowing Sony and Overbrook Entertainment to exit.
News round up February 18 2019
A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.
MassMutual finds Affinity in series B round
Mutual Life Insurance has tapped its investment unit to take part in a $26.5m round that increased the business relationship platform operator’s overall funding to more than $40m.