Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Month: February 2021
Investors apply $80m to Anchorage series C
The Visa-backed cryptocurrency custodian service provider plans to expand its offering following a round that boosted its overall funding to $137m.
Harman drives into Savari acquisition
Aviva, Flex, SAIC Motors, General Motors and Delta Electronics are all in line to exit the automotive sensor developer through the transaction.
Hyas hails M12 in $16m series B
The cybersecurity software developer will allocate the proceeds from the round to international growth and product development.
Medisafe gets $30m series C prescription
Sanofi, Merck Group, Qualcomm and Menorah Mivtachim participated in the latest round for the medication management platform developer.
Shell powers up with Next Kraftwerke
Eneco is set to exit virtual power plant operator Next Kraftwerke in an acquisition of undisclosed size by Shell.
Singha Ventures dines out on Chope
Singha Ventures co-led a $10.6m round for the restaurant booking app developer, already backed by SIG, CapitaLand and Singapore Press Holdings.
Ringier drives up Carvolution funding
Ringier Digital Ventures helped provide $16.6m for the car subscription service, which has now secured more than $83m in total.
Cullgen calls in $50m
SIG affiliate Heights Capital Management was among the investors in a series B round for the small molecule therapeutics developer.
Mekari makes tracks to new funding
Returning investor Money Forward contributed to a $12.4m round led by venture firm East Ventures’ growth fund.
Doubtnut adds up $31m for series B
Susquehanna International Group co-led a round that will allow the Tencent and Akatsuki-backed online maths education provider to expand its offering.
Tencent helps send fresh funding to Youye
Tencent Industrial Ecosystem Investment fund and Langcheng Capital have co-led a round for the industrial digital transformation technology provider sized at nearly $15.4m.
Elevate Brands lifts funding by $55m
Novel TMT Ventures has backed Elevate Brands, an acquirer of Amazon’s third-party sellers, which aims to build a portfolio of 100 companies.
Ale shoots to additional series A funding
The Shinsei Corporate Investment-backed small satellite engineering startup has secured commitments from new and existing investors for a round with a $20.7m target.