Corporate venturing vehicle Vorwerk Ventures is exiting beverage delivery provider Flaschenpost in a $1.16bn acquisition by Dr Oetker.
Month: November 2020
Ocado to pick up Kindred in $262m deal
Robotic picker provider Kindred Systems is set to be bought in a $262m cash transaction that will hand exits to Tencent and GV.
SoftBank Vision Fund team loses members
Ruwan Weerasekera, Penny Bodle, Avi Golan, Ted Fike and Justin Wilson have all left SoftBank Investment Advisers following earlier departees Maria Khan and Carolina Brochado.
Holtzbrinck helps HV Capital to $625m fund
HV Capital has rebranded from Holtzbrinck Ventures and disclosed a $625m Fund VIII backed by former parent company Holtzbrinck Publishing.
SQZ Bio squeezes on to NYSE
The AIG, Illumina, Alphabet and Orient Life-backed cell therapy developer priced its shares at the bottom of the range to raise $70.6m.
Genskey generates series C funding
Legend Capital returned to reinvest in a $34.4m round for pathogen testing services provider Genskey, lifting its total funding above $55m.
Meati heats up $28m series A
Campbell Soup-backed Acre Venture Partners has made a strategic investment in fungi-based protein supplier Meati to bring its funding total to more than $32m.
Agriculture blossoms into a tech age
There is always something fun as the end of year creeps up to think about the technologies that will disrupt or transform the world over the next few decades and Adrien Book’s selection below covers a number of general and specific purpose technologies. The meatless meat one is definitely catching people’s attention currently given the post-flotation performance… Continue reading Agriculture blossoms into a tech age
NerdWallet finds Fundera for acquisition
Business financial tool marketplace Fundera has been bought by NerdWallet after raising some $15m from investors including Susquehanna Growth Equity.
Lufax loops on to public markets
Ping An’s financial services spinoff raised $2.36bn in a US initial public offering that represented an exit for Bank of China, Cofco, SBI and several investment banks.
Nestlé nets Freshly in $950m deal
Nestlé bought the healthy meal kit delivery service three years after leading its series C round, in a deal that could reach $1.5bn with earnouts.
Carsgen closes $186m series C
Lilly Asia Ventures contributed to a round that will fund clinical trials for Carsgen’s immuno-oncology drug pipeline and the enhancement of its manufacturing capabilities.
Conductor orchestrates $150m in funding
Viking Global led a $150m round for the Visa-backed banking software provider that will go to product development and international growth.
GetYourGuide discovers $133m
SoftBank Vision Fund returned in a convertible note round that pushed the total raised by the tourism experience booking service to some $788m.