The Global Corporate Venturing and Innovation Summit 2020 in Monterey, California, brought together more than 800 corporate venturing leaders from corporations representing about $10 trillion in annual revenues.
Month: February 2020
Cashlez eyes IPO cash injection
The payment app developer, which counts Sumitomo among its investors, is seeking $7.3m in a flotation on the Indonesia Stock Exchange.
Israel’s talent blossoms on world stage
Here’s a photo from our managing director for Asia, Tim Lafferty: “I’m sitting in the front row seeing the sun set behind the stage over the Mediterranean Sea and on GCV Israel 2020. We had 300 registrations between us and [co-hosts] Axis.”
Toast gets $400m meal
The Alphabet-backed restaurant management platform developer’s series F round valued it at $4.9bn and it has now received more than $900m in funding altogether.
Sunseap soaks up $146m
Existing investor Banpu added $72m to a series D round for solar services and cleantech product provider Sunseap that reportedly totals $146m.
CICC Capital builds $229m biomedicine fund
Hebei Port, Pharscin Pharma, Xiamen Fig, Fujian Sunner and Sichuan Daily Press have all contributed to a $229m biomedicine fund raised by the private equity vehicle.
Vedantu spreads series C out to $66m
The online tutoring platform has added $24m to a round featuring TAL Education that now totals $66m, as it prepares to expand into younger age groups.
Intuition Robotics ingests $36m
Sompo Holdings, iRobot, Toyota AI Ventures, Union Tech Ventures, Happiness Capital, Samsung Next and Bloomberg Beta all backed the companion robot developer’s series B round.
BlockFi locks in $30m
The crypto finance product developer has now raised more than $110m altogether, with CMT Digital returning for its series B round.
Nyxoah beds down with corporates for more funding
ResMed joined another medical device producer, Cochlear, in a $27.2m round that will help Nyxoah get regulatory clearance for its sleep apnoea system in the US.
Datometry draws $17m in series B round
Dell Technologies Capital reinvested as part of a series B round for the virtualisation platform developer having backed its series A in 2017.
Analysis: Qorvo on the crest of Decawave
Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics
Gojek Xcelerate shifts into consumer goods
GoJek’s accelerator has grown beyond its original Indonesia-focused remit and is now looking to find potential in the fast-moving consumer goods space.
Corporate venturing deal net: 10-14 February 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds