A decade or more after setting up the golden age of corporate venturing units were set up with a focus on life sciences and healthcare, such as US-listed conglomerate Alphabet’s GV (formerly known as Google Ventures) and US-listed drugs company Merck’s Global Health Innovation Fund (GHIF), and the returns have surpassed many expectations.
Month: May 2021
BitGo to enter Galaxy in $1.2bn acquisition
BitFury is set to exit the crypto wallet developer through a cash-and-stock acquisition by another investor, Galaxy Digital Holdings.
Bitso secures $250m in series C funding
The Coinbase, Ripple and Monex-backed Latin American crypto trading platform was valued at $2.2bn in a round co-led by Tiger Global Management and Coatue Management.
AEye amends reverse merger deal downwards
The corporate-backed lidar technology provider will now be valued at $1.52bn pre-acquisition rather than the $1.9bn figure when the deal was announced in February.
Corporates help feed Vida Health with $110m
Workday Ventures has returned to back the telehealth platform developer’s series D round, which included Axa Venture Partners, Centene and GuideWell.
Einride loads up $110m
Ericsson and Maersk Growth were among the investors in the autonomous logistics vehicle developer’s series B round.
Kahoot to spend big on Clever acquisition
GV is set to exit educational software portal developer Clever in a purchase by Kahoot set to be sized between $435m and $500m.
R1 RCM buys VisitPay for $300m
Intermountain Healthcare, Inova Health System, Ascension Ventures and St Luke’s Health System are all set to exit the medical payment software producer.
Big Idea Ventures closes $50m fund
Le Groupe Bel, AAK, Meiji, Bühler and Tyson Foods all contributed to the firm’s debut fund, which is targeting plant-based food developers.
Oura obtains $100m in series C
The Chernin Group led the health tracker producer’s series C round, which also featured Square and Eisai, at an $800m valuation.
Mainspring Energy bounces to $95m series D
American Electric Power, Chevron and Equinor all participated in a round that increased the power generation technology developer’s total funding to $228m.
Gilbert builds Launchpad with $35m fund
Venture firm Launchpad Capital has been founded by Ryan Gilbert after five years as a general partner for BBVA-backed Propel Venture Partners.
SAP.io launches Israel-based startup accelerator
SAP and Publicis Sapient have selected seven participants for the Israel branch of the former’s SAP Foundries initiative.
Daily Deal Round Up: May 5, 2021
SoftBank Vision Fund led a $75m round valuing OKR platform developer WorkBoard at $800m while therapist network provider Headway hit a $750m valuation.