Merck Global Health Innovation Fund has contributed to a $47.5m round for AeroSafe Global, which provides cold supply chain services to pharmaceutical clients.
Month: September 2020
Replicant.ai wraps up $27m series A
State Farm Ventures and existing investor Bloomberg Beta helped the call centre technology provider close a round that will support R&D and hiring.
Sony stakes environment technology fund
The corporate is putting $9.4m into Sony Innovation Fund: Environment, which will initially invest in environmental technology developers at seed stage.
Chairish seats $33m in series B round
Long-term investor OATV returned to invest in the luxury furniture marketplace for a fourth time, expanding its overall funding to more than $48m.
Groww thrives with $30m series C
BBVA-backed Propel Venture Partners has returned for a round that will help Groww add more asset classes to its online investment service.
XP executes $1.5bn corporate venturing plan
Investment manager XP has allocated up to $1.5bn in capital for a strategic investment fund dubbed XP Ventures.
Analysis: The big “whale” continues to swim
SoftBank emerged in the news last week with its sizeable bets in the equity derivative markets in the US. Despite some recent challenges, the telecoms conglomerate has been very active in large venturing deals this year as well.
ITV to screen startups with Studio 55 Ventures
Eight media-related startups will each receive almost $13,000 from broadcaster ITV through a newly formed accelerator-oriented initiative.
Accenture announces Black Founders Development Fund
Black Founders Development Fund will make early-stage investments to drive Accenture Ventures’ engagement with black entrepreneurs.
Corporate venturing deal net: 7-11 September 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Fundraising takes off
One of the strongest signals through the first half of the year that the Covid-19-inspired economic downturn would lead to an acceleration of corporate focus on innovation was the record number (360+) of new corporations making their first investments.
Santander spins off investment arm into $400m fund
Santander Innoventures has been spun off by its parent company into an autonomously managed fund called Mouro Capital with its capital allocation doubled.
Google for Startups creates Black Founders Fund
Google’s startup community has opened calls for submissions for its newly formed Brazilian inclusive investment fund, having revealed 20 graduates for its Africa-focused accelerator.
Aramco sets up $1bn diversification fund
Prosperity 7 Ventures is armed with $1bn and tasked with diversifying Saudi Aramco’s interests into a range of innovative technologies.