CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.
Month: January 2022
Hitachi Ventures readies third fund
Hitachi’s corporate venturing unit is lining up its next fund months after launching its sophomore vehicle, according to Stefan Gabriel.
SAP touts Taulia acquisition
SAP is set to pay an undisclosed amount for a majority stake in the Ping An, Saudi Aramco and Telus-backed digital invoicing technology developer.
Fireblocks sparks $550m series E round
CapitalG was among the investors in the digital asset transfer service’s latest round, which boosted its overall funding to $1bn and valued it at $8bn.
Rochkind reportedly joins SoftBank
SoftBank is adding growth equity experience following recent changes in its corporate venture capital staff.
Analysis: Jidu mobilises $400m
Baidu and Geely committed $400m to Jidu, their joint venture from the hot electric vehicle space. The proceeds from this latest transaction will go to R&D and mass production of cars.
Cottonwood collects capital for third fund
KPN Ventures and Caterpillar Ventures both committed to the venture firm’s recently closed $75m deeptech fund.
Credem joins CDP’s accelerator
Financial services group Credem is among the investors in the accelerator, which was launched by CDP Venture Capital.
Edenred and Eurazeo begin ESG funds
Edenred is backing Raise Ventures while Eurazeo has boosted its smart city fund, showing activity in the French ESG space.
BRI and Google target crypto acceleration
A wave of corporate-backed launches are continuing to take place in the blockchain VC space despite concerns valuations in the sector have spiralled.
Pescatello rejoins Lightbank VC
Prior to joining Evolv, Bill Pescatello, a former GCV Rising Stars award winner, had spent seven years at Lightbank
Decibel makes noise with $275m fund target
Cisco had agreed to back Jon Sakoda, founder of Decibel and a former GCV Rising Stars award winner.
Kai Martin joins Baker Hughes
Luca Maria Rossi set up the New Frontiers unit in late 2020.
Zurriaga Carda joins Sanofi Ventures
The hire follows wave of senior moves in the healthcare corporate venturing ecosystem