Corporate venturing has always been a more collaborative part of financial services than most other areas and so it has been heartening to have so many of the industry leaders step up to share insights on how the current Covid-19 crisis might be eased or create new opportunities.
Month: March 2020
SoftBank to settle $300m round for Didi Chuxing
The ride hailing service is reportedly near to raising $300m in a round led by existing backer SoftBank that will follow $18.3bn in earlier financing.
Ping An picks out iCapital in $146m round
The asset management software producer has closed a round led by Ping An Global Voyager Fund with contributions from Goldman Sachs, UBS and BNY Mellon.
Cazoo motors to $117m
Online used car retailer Cazoo took its overall funding to approximately $218m in a round led by corporate venturing vehicle DMG Ventures.
CureFit cuts to $109m round
Unilever Ventures returned to back a round led by Temasek that expanded the health and wellness services platform’s overall financing to approximately $390m.
Dragonfly Therapeutics drags financing to $300m
Celgene-backed immuno-oncology drug developer Dragonfly Therapeutics boosted its total financing to $300m in round of undisclosed size led by Fidelity.
ZipTel sells Douugh on reverse merger
ZipTel will be rebranded as Douugh following its acquisition of the neobank, which counts Choice Financial and Monex among its investors.
Enable earns $13m in series A
The Barclays-backed enterprise rebate platform developer has confirmed its first external funding, with Menlo Ventures leading the round.
WestCap directs $40m to Addepar
The CreditEase-backed wealth management product developer has now raised in excess of $245m following an investment by growth equity investor WestCap.
M12 adds Mitra to team
Microsoft’s corporate venturing arm has hired Priyanka Mitra, who had previously logged time in CVC at Kaiser Permanente.
Moore Love welcome at Entergy
Mayo Clinic alumnus Timmeko Moore Love has co-founded nascent corporate venture capital unit Entergy Strategic Ventures as managing director.
Mya Systems recruits corporates for series C round
Cisco Investments and Workday Ventures contributed to a round that boosted the total raised by the AI-equipped hiring platform developer to more than $48m.
Quantum Machines processes series A funding
The quantum computing technology developer secured $17.5m in a round that was co-led by Harel Insurance, taking its total funding to $23m.
CVC in the Time of Coronavirus: Dominique Mégret, Swisscom Ventures
In the first of a new series, Dominque Mégret, head of Swisscom Ventures, tells GCV that the Covid-19 crisis could lead to a greater contrast between CVC’s winners and losers.