Petronas has closed a $250m fund for venture capital subsidiary Piva to strike deals in Europe and North America focusing on future energy, industrial and materials technologies.
Month: December 2019
Ucommune works its way toward public markets
Ucomme has formally filed for a $100m initial public offering, confirming months of reports and putting Beijing Xingpai, Dahong Group, Junfa Group, Prosperity Holdings and Yintai Land in line for exits.
Telkom Indonesia and KB kick off $150m fund
Corporate venturing vehicles MDI Ventures and KB Investment have formally announced their Centauri Fund, which has a $150m target for its close.
LeanTaas prises $40m from Goldman Sachs
NYP and Sedgwick-backed healthcare allocation software producer LeanTaas has now raised more than $100m in just over two years.
Caresyntax performs another funding operation
Mitsubishi, Barco Healthcare and Relyens helped provide $45.6m in funding for surgical analysis technology developer Caresyntax, which has now secured more than $77m altogether.
PGNIG paints corporate venturing picture
The Polish government-controlled energy utility has set aside more than $25m to invest in growth-stage renewable technology developers.
Ada Ventures accomplishes close of fund
Wilson Sonsini Goodrich & Rosati was among the backers that contributed to the diversity and inclusion-oriented venture firm’s $35.6m first fund.
PrecisionHawk clasps another $32m
The drone data software provider, which counts several corporates among its existing investors, has now disclosed $137m in overall funding.
Sparkplus finds space for series B funding
The co-working space provider picked up $25.2m from backers including Asia Cement and founding investor Aju Hotels and Resorts.
WhyHotel weighs $20m in series B funding
Berman Enterprises-backed Camber Creek returned to participate in a round that took the pop-up hotel operator’s overall funding to approximately $34m.
Japanese corporate venturing to get government boost
The Japanese government will introduce tax breaks for firms or corporate venturing vehicles backing tech companies to support domestic open innovation practices.
Perfect Day shines in $140m series C
The Continental Grain-backed vegan dairy product developer has captured $140m at a $440m valuation, with Temasek leading the round.
Bill.com fills up with $216m IPO
Financial automation software producer Bill is floating above its range as Fleetcor, Mastercard, Amex and a host of banks all scored exits.
Carsome caches $50m
The Hubert Burda-backed second-hand car marketplace has now raised $85m in total, MUFG Innovation Partners and Daiwa PI Partners chipping in for its series C round.