The cryptocurrency exchange is leaning futher into venture investments, expanding its fund to $500m and hiring a new partner.
Month: January 2022
Exotec excels with $335m series D
Dell Technologies Capital has returned to back Exotec in a Goldman Sachs-led round that valued the automation robotics system developer at $2bn.
MSW wins Banco do Brasil mandate
MSW Capital is among the funds managing $36m of venture capital cash for Banco do Brasil, which is controlled by the Brazilian government and listed in São Paulo.
Torres joins Altaris as MD
Rafael Torres had spent 14 years leading the healthcare investing teams at GE Equity and GE Ventures up to 2015.
Alibaba adds to strategic investment team
Corporate venturing in China has bounced back and helped the country reach record investment activity in 2021.
Daily Deal Round Up: January 17, 2022
Car leasing service Dishangtie Car Rental completed a $200m series D round featuring Ingka while crypto-asset software producer Lukka raised cash in a corporate-backed round valuing it at $1.3bn.
Ant Consumer Finance foregoes new funding
Jiangsu Yuyue Medical Equipment & Supply and Sunny Optical Technology Group have postponed their investments in Ant Group’s consumer finance unit after state-sponsored Cinda was required to halt its participation.
FTX sets up $2bn fund and hires Wu
Amy Wu joined the newly formed FTX Ventures from Lightspeed Venture Partners, where she had overseen the firm’s investment in FTX as a partner.
SoftBank backs Qraft for its portfolio
SoftBank has provided $146m for Qraft and plans to collaborate with it on development of an smart portfolio management product.
Analysis: Freenome cracks $290m
Cancer diagnostics tech developer Freenome cashed in an additional $290m from returning investor Roche, which will support it as it looks to expand its products to additional cancers.
Daily Deal Round Up: January 14, 2022
UK-based sales software providers Highspot and Cognism both scored funding in late-stage rounds, with Salesforce Ventures, Axa Venture Partners and Swisscom Ventures among the investors.
OSF Ventures launches $100m third fund
OSF HealthCare’s corporate venturing unit inaugurated its largest fund to date, following the close of $75m funds in 2016 and 2019.
BAI bets on three promotions
GCV Emerging Leader William Zhao and Rising Star Will Wang have ascended to partner positions at BAI while legal and corporate communications director Christine Sun has been appointed COO.
SoftBank sends cash to Laika and TerraMagna
The corporate’s ongoing Latin American portfolio has grown after it led pet product retailer Laika’s $48m series B round and a $40m round for rural finance provider TerraMagna.