Pidilite Industries and L’Oréal helped the consumer-focused venture firm hit a $118m final close for its second fund, surpassing its $100m target in the process.
Month: January 2021
VSPN champions $60m round
Nan Fung Group has backed the esports tournament operator’s series B-plus round, which will go toward product development and global expansion.
Corporates help stick $50m in iStox
Singapore Exchange and Tokai Tokyo Financial Holdings both took part in a series A round for iStox, owner of a digitised security offering trading exchange.
Multiverse ends series B on $44m
The close of the apprenticeship operator’s series GV-backed series B round took its total funding to about $64m and follows its opening of a US office.
Analysis: Rivian drives a $2.65bn round
Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.
Trovata treasures $20m series A
Wells Fargo Strategic Capital led the financial analysis software provider’s latest ound, investing alongside backers including Capital One Ventures.
ByteDance expands dealmaking to Japan
The digital media company is planning to step up its venture capital investments in the Japanese market.
Decisive Point adds investments to advisory work
Government-focused advisory Decisive Point has set a $10m target for the corporate venturing fund it is raising.
Plaid accelerates with FinRise
The accelerator has been set up by the banking software provider to back underrepresented minority founders.
Heritage Group closes third fund
Heritage Group has added $317m having previously raised $220m for its second fund four years ago.
MOL sails to first fund
MOL Plus will deploy nearly $40m on behalf of its Japan-headquartered parent company, MOL.
CiDi collects $62m through two rounds
The Baidu and Legend Holdings-backed intelligent vehicle technology developer pulled in over $62m of funding last year across two rounds.
Conversa closes $20m series B
The virtual care app developer has added $8m of additional capital to its series B round backed by Northwell Ventures and UH Ventures.
Oqton assembles $40m series A
Sandvik has co-led a series A round sized above $40m for the manufacturing software developer, alongside government-backed and venture capital investors.