The reported corporate venture capital fund plans to invest between BR500,000 and BR5m in about 15 startups.
Month: March 2022
CBRE backs Fifth Wall fund
CBRE has been an investor in Fifth Wall investment programs since 2016 and increasingly active as a direct investor.
Schuder and Kuchan to leave LG
LG Nova steps in for some functions for electronics group’s CVC unit.
Daily Deal Round Up: March 29, 2022
DigitalBridge Ventures led wireless adoption software developer Celona’s $60m series C round while Papaya is paying up to $200m for Rakuten-backed payment platform developer Azimo.
JD Property houses $800m
Hillhouse Investment and Warburg Pincus are co-leading a series B round for the real estate manager and services provider, a spinoff from JD.com.
GoTo gets $1.1bn in initial public offering
The multicorporate-backed diversified mobile app operator has listed on IDX having priced its shares at near the top of their range.
Soterea buckles up $204m
The driver safety technology provider’s series B round was led by Ping An Capital at a valuation of almost $1.56bn and also featured SK China.
Source Global captures $150m
Duke Energy is among the investors in Source Global, which has created panels that generate clean drinking water from sunlight and water vapour.
Zongmu drives through $157m series A
Cosco Shipping Development was among the investors in a round set to boost the self-driving technology developer’s research and development activities.
AN2 Therapeutics prices $69m IPO
The Brii Biosciences-backed lung disease treatment developer priced an upsized offering in the middle of its range.
Colella joins Visa after leaving Citi
Earlier this month, Visa had promoted its corporate development executive, David Rolf, to become head of Visa Ventures.
Daily Deal Round Up: March 28, 2022
Bikini brand Frankies Bikinis received $18m from strategic investor Victoria’s Secret while department store retailer Lojas Renner has formed a $31m investment vehicle.
Instacart snips valuation to $24bn
The grocery delivery service has slashed its valuation by almost 40% post-coronavirus, though that still represents a hefty increase for corporate backers Comcast, American Express and Amazon.
WeRide zooms to $400m
GAC and Bosch were reportedly among the investors which put up fresh capital for the autonomous driving technology developer at a $4.4bn valuation.