Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Month: January 2020
Altria accepts $4.1bn Juul writedown
The cigarette producer has announced a second impairment charge in three months to a $12.8bn investment now valued at only $4.2bn.
Vision Fund allocates $250m to Alto
The online pharmacy is set to announce a series D round that will be led by $250m from SoftBank Vision Fund at a valuation in excess of $1bn.
One Medical wanders onto public markets with $245m
The GV-backed primary care membership service floated at the bottom of its range but garnered a valution of more than $1.7bn.
Commonwealth Bank comes back to Klarna with $200m
The payment and shopping app developer has launched in Australia with the help of Commonwealth Bank of Australia, which raised its stake to 5.5%.
Policygenius pops with $100m series D
Corporate units Axa Venture Partners, MassMutual Ventures and Transamerica Ventures all returned for a round that nearly trebled the insurance marketplace’s overall funding.
Verily invests in Mammoth $45m series B
Alphabet unit Verily has taken part in an oversubscribed series B round that will fund Mammoth Biosciences’ expansion from diagnostics to gene editing and drug development.
HPE helps OpsRamp up its game
Hewlett Packard Enterprise contributed to a $37.5m round that represents the second to be publicly dislcosed by the IT management software provider.
Waters helps $18m flow to RedShift
Waters Corporation reinvested in the protein characterisation technology producer through an oversubscribed round that will fund innovation and expansion.
GCVI Summit 2020: Investing in innovation – a telco perspective
Mireille Helou and Adam Sterling talked about ways Orange will remain innovation-driven in the future.
GCVI Summit 2020: Beyond money – what entrepreneurs really value
Jason Illian described how connecting, engaging and serving entrepreneurs created value.
GCVI Summit 2020: Data point presentation – the state of the industry
Data-based worldwide corporate venture capital trends were presented by Martin Haemmig.
GCVI Summit 2020: Nationwide and advancement of innovation within insuretech
Jim Fischer interviewed Amelia Gandara to learn about the structure and future aims of Nationwide Ventures.
GCVI Summit 2020: Spotlight case study – deal management metrics
Omar Alam of Salesforce Ventures, Tracy Isacke of Silicon Valley Bank, Will O’Donnell of Prologis Ventures and Eric Steager of Anthem were interviewed by Aumni founder Kelsey Chase on the utilisation of data in their corporate venturing vehicles.