The banking firm joined Future Venture Capital for a $2.8m joint investment venture to back startups based in Japan’s Oita prefecture.
Month: June 2020
Venture capital as a service
In last week’s editorial on Louis Dreyfus Corporation’s move to set up an agriculture-focused corporate venturing unit I said: “CVC easy as 123.”
Corporate venturing deal net: 22-26 June 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Agora accomplishes $350m flotation
The SIG-backed video communication software provider priced its shares above the range and will go public later today.
Relay Therapeutics readies $200m IPO
SoftBank Vision Fund owns more than 40% of the precision cancer drug developer, which raised $400m approximately 18 months ago.
CAA links to NEA for Connect Ventures
CAA and New Enterprise Associates have reportedly provided an initial $100m for Connect Ventures that could be upscaled to $400m.
ASG acquires Homebot
Mortgage advice provider Homebot has been bought by ASG three years after raising seed funding from investors including Black Knight Financial Services and Axel Springer.
Element enlists corporates in $18m series B
Industrial data repository Element has now received $40m in total, Evonik, Schneider Electric Ventures, Honeywell and ABB having backed its latest round.
Lennar books room in Sonder’s $170m series E
The short-term apartment provider raised the funding at a $1.3bn valuation and is seeking another $30m to close the round at $200m.
W3BCloud wheels out convertible debt financing
AMD and ConsenSys formed the decentralised data centre developer as a joint venture and have both contributed to a $20.5m round.
iTeos eyes $100m initial public offering
The 6 Dimensions Capital-backed cancer immunotherapy developer has raised more than $200m in funding and has filed to raise up to $100m.
CMG sees its way to $25m
Capital Markets Gateway added the funding from investors including Shea Ventures, Barclays, Citi, Goldman Sachs, JP Morgan, Morgan Stanley and Fidelity.
Boost boasts $70m from Great Eastern
Insurer Great Eastern invested in Axiata Digital’s e-wallet platform at a $320m valuation, with the proceeds to go to expanding the latter’s presence in Asia.
Tencent takes iFlix in acquisition deal
The regional streaming service has been bought by Tencent for a reported eight-digit sum, enabling Hearst, JTBC, Liberty Global, MNC, PLDT, Sky, Yoshimoto Kogyo and Zain to exit.