As head of strategic initiatives, Bechhold Russ will report to Vanessa Indriolo Vreeland, head of Truist’s corporate venturing arm.
Month: July 2021
Ngam-maykin leaves SCB for Sea
After five years in corporate venturing at Siam Commercial Bank, Sea has hired 2020 GCV Rising Stars winner Jaytiya Ngam-maykin as head of corporate development.
Razer plans corporate venturing expansion
Razer-owned corporate venturing vehicle zVentures’ recent investments include Coinomo, Loupedeck, Ratio and Skibre Private.
Airbus flies into Seraphim
Airbus joined Virgin founder Richard Branson to buy into investment firm Seraphim Space Investment Trust through its initial public offering.
Daily Deal Round Up: July 26, 2021
SoftBank’s Opportunity Fund took part in blockchain payment network Paystand’s $50m series C round while Flipkart co-led consumer brand builder G.O.A.T Brand Labs’ $36m series A.
Yamaha Motor plans $100m environment focused investment fund
Japan Inc is waking up to environmental, social and governance (ESG) metrics as part of running their businesses and corporate venturing is increasingly the tool to achieve change.
Rivian recharges with $2.5bn
The electric truck developer has closed a round co-led by Amazon and Ford Motor Company, pushing its overall funding past the $10bn mark.
Kaltura cashes $150m in IPO
The Mitsui and Intel-backed video software developer has a market capitalisation of almos $1.5bn following its initial public offering last week.
SoftBank finds Ethos with $100m investment
SoftBank’s Vision Fund 2 has backed the life insurance platform developer at a $2.7bn valuation, taking its overall funding to over $400m.
SemiDrive picks up speed with $154m
The Lenovo-backed system-on-chip product maker secured over $150m in a series B round co-led by China Development Bank Capital and China V Fund.
Byju’s buys Epic for $500m
Rakuten is exiting the online reading platform developer in a $500m acquisition by online education provider Byju’s following $50m in funding.
AbSci nabs $200m in initial public offering
AGC, JSR Life Sciences and Merck & Co all scored exits as the synthetic biology technology developer floated on Nasdaq, whose valuation reportedly stands at nearly $2bn.
Simon Markets strides towards $100m
Goldman Sachs’ digital wealth management spinoff has six other banks as backers and has reached a WestCap-led first close of its series B round.
Turnstone turns to investors for $80m
Takeda has returned to back the cancer therapeutics developer’s series D round after committing $120m in equity and milestone financing just over 18 months ago.