Ahead of GCV Israel, Jonathan Tudor was interviewed alongside founder and CEO of Mawsonia (publishers of Global Corporate Venturing) James Mawson to discuss what we can expect from the world of corporate venturing in the coming decade.
Month: February 2020
PSL Innovation Fund graduates to final close
FEI, Transvalor, KPN, Vilmorin & Cie, Vyv Group, Mgen and Clarins subsidiary Famille C were all among the contributors to the fund’s $82.3m close.
Baseconnect links to corporates in series A round
Yahoo Japan, Uzabase, Orico and Nihon Unisys all chipped into a $16.4m round for the corporate information database operator, which will spend the cash on technology development and marketing.
SoftBank lowers sights for Vision Fund II
Sources have told the Wall Street Journal the fund is set to raise less than half the $108bn in MOUs SoftBank received, with the corporate supplying most of that capital itself.
Byju’s brings in another $200m
General Atlantic has put up a reported $200m for the educational content provider’s latest round, following the same amount from Tiger Global last month.
Pepperfry cooks up $40m series F round
Pidilite Industries led a $40m round for Pepperfry that included existing backer Bertelsmann, lifting the furniture retailer’s overall funding to $235m.
Snowflake falls for Salesforce in $479m round
Salesforce Ventures took part in a round that valued the cloud data analytics platform at $12.4bn, pushing its overall funding past $1.3bn.
Sonoma sends for Lyell in $40m series A
Sonoma Biotherapeutics has emerged from stealth with $40m from investors including Lyell Immunopharma and is developing regulatory T-cell therapies for autoimmune and degenerative diseases.
HopSkipDrive picks up $22m
State Farm Ventures backed a round that will help HopSkipDrive expand across the US and add safety features to its children’s ride-sharing service.
Analysis: LexisNexis buys Emailage
Wipro Ventures was given an exit from email security software developer Emailage, which was acquired by LexisNexis Risk Solutions. The sizeable exit is part of the wider cybersecurity space, which has received much attention by corporates over the past decade.
Corporates help TactoTek forge series C round
Cornes, 3M Ventures and Repsol Energy Ventures contributed to a round that increased the in-mold structural electronics provider’s total funding to more than $59m.
MaaT meets investors for series B funding
Biocodex returned for a $19.8m round that boosted microbiome drug developer MaaT Pharma’s overall funding to more than $33m.
Corporate venturing deal net: 3-7 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.
US and Japan lead first-timers in January
Ahead of next week’s expected publication of Global Corporate Venturing’s February issue it is interesting to look at the GCV Analytics data on corporations making their first deal last month and where they are coming from.