The carmaker is adding to its open innovation activities by providing an eight-figure sum to develop strategically relevant startups with venture builder UP.Labs.
Month: June 2022
Healthcare: what next after a bumper year?
The healthcare sector had a record year for investment in 2021 and corporate-backed rounds rose more than 50%, to a record high of $30.51bn.
Daily Deal Round Up: June 10, 2022
American Family helped digital auto insurance portal Branch secure $147m while Anthem, Optum and CVS Health all contributed to a $140m round for home care platform developer CareBridge.
Rockett takes off from Kaiser Permanente
Liz Rockett has departed from the healthcare group’s Kaiser Permanente Ventures unit, following in the footsteps of former senior team members Amy Belt Raimundo and Sam Brasch.
“Great time” to invest in Southeast Asia says Eurazeo’s Shyy
CVC veteran Albert Shyy tells GCV Southeast Asian companies have emerged stronger after pandemic-related restrictions, and the expectations of investors and entrepreneurs have also become more aligned.
Retreat of Softbank and Tiger heralds a new venture era
One in which the slow, steady capital of corporate investors becomes more important.
Daily Deal Round Up: June 9, 2022
GV participated in tech apprenticeship platform Multiverse’s $220m series D round while Amgen, UCB, UPMC and Takeda helped genetics disease drug developer Code Biotherapeutics raise $75m.
Rising Stars Q&A – Kevin Chen, Lam Capital
Q&A with Kevin Chen, partner, Lam Capital
Australian investors in ‘significant pullback’
GCV has spoken to several corporate and VC investors about the recent hit to Australia’s startup scene following a post-lockdown deal surge.
Severstal to terminate its corporate venturing unit
The Russia-based steelmaker’s Severstal Ventures unit is shutting down amid geopolitical crisis-induced sanctions.
Purpose-driven startups fail less and raise more
It pays to invest in these companies. Research shows they are less likely to fail and will attract two to three times more investment.
Corporate venturing deals drop in May
The number of corporate-backed deals dropped by 13% year-on-year in May, the first clear sign that the market pullback is having an impact.
Kapoor swaps Sistema for Anicut
Investment firm Anicut has hired Dhruv Kapoor to lead its Anicut Opportunities Fund I vehicle following more than five years at Russia-based Sistema’s Asia Capital unit.
Daily Deal Round Up: June 8, 2022
SoftBank Latin America Fund is among the investors in payment technology provider Kushki’s $186m series B round while Maruho co-led inflammatory disease drug developer Upstream’s $200m series A.