Korys, the family office behind the France and Belgium-based retailer Colruyt Group, and Mérieux Equity Partners, the asset management arm of the Institut Mérieux holding company, have set up joint funds targeting companies in the healthcare and nutrition sectors in Europe and North America. OMX Europe Venture Fund has raised more than €60m from Korys… Continue reading Mérieux and Korys ally to form OMX funds
Month: May 2020
Corporate venturing deal net: 4-7 May 2020
Each week, the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
From small to big in a flash
We live in a world of seemingly the very large and the very small.
Grail engages with $390m series D
Grail has added $390m in series D funding to its coffers thanks to a consortium featuring Illumina, significantly shooting past its $250m target size.
Autotech puts the pedal to the $150m metal
Autotech Ventures has attracted more than $150m for its second fund from limited partners including Volvo, Lear, Bridgestone and Stoneridge as well as several other corporates.
AlphaCredit confirms $125m round
Following regulatory approval, SoftBank has led a $125m series B round for the digital lender that was first announced earlier this year.
Enflame lights up $98.7m series B
Tencent has returned for a series B round raised by the semiconductor technology developer, having also participated in a $43.4m funding round last year.
Shift hits play on $70m fund
The fund is expected to close by year end with LPs including Protix and a range of unnamed companies, as well as multiple universities.
Ventus tears into $60m series A
GV has invested in Ventus Therapeutics, an immunotherapy developer co-founded by faculty from multiple academic institutions.
Covariant covets $40m
UC Berkeley-aligned generalised robotics software developer Covariant previously collected funding from Samsung Q Fund while it still operated in stealth mode.
Gao gets JD Digits promotion
Yuan Gao, formerly head of strategic investments, has ascended to head of corporate strategy and investments, almost five years after joining the parent company.
Alpian scales $12.5m series A
Financial services provider Reyl and Cie has spun out Alpian in a bid to claim what it views as the market opportunity for a digital Swiss banking firm.
Helium Health takes off with $10m series A
Tencent was among the investors in a $10m series A round for the digital health platform that was co-led by Global Ventures and Africa Healthcare Masterfund.
Israel’s performance continues to impress
The value of Intel’s acquisition of Israel-based urban mobility app developer Moovit for a $900m enterprise value lies almost as much as what it says about the ecosystem developed there over the past 30 years since Russian immigration after the fall of the Soviet Union.