The investment arm of Stanley Black & Decker has fallen victim to a CEO change and cutbacks following the company’s poor financial performance.
Month: August 2022
Exclusive: Erie Insurance and Touchdown team up for fund
Erie Strategic Ventures will look to make between three and five investments per year in Erie’s core areas and beyond.
Daily Deal Round Up: August 24, 2022
Intel Capital co-led an extension that took Anyscale’s series C round to $199m while Saudi Aramco’s Prosperity7 fund helped Zilliz lift its series B to $103m.
GVR Podcast: Applied Ventures’ approach to CVC 2.0
Anand Kamannavar joins GVR to speak about investing in public companies, looking ahead of the curve and having a great relationship with the corporate parent.
Kuznetsova to oversee UBS Next’s APAC activities
UBS’s $200m strategic technology fund has promoted Veronika Kuznetsova to lead its work in the Asia-Pacific region.
Video: The robotic barista coming to a restaurant near you
Robotic barista developer Botrista Technology seeks corporate investors that can share ingredients and equipment manufacturing expertise in the US foodservice sector.
Carlström moves from ABB to Climentum Capital
The head of ABB head of Electrification Ventures is the latest corporate investor to move to an independent fund focused on decarbonisation.
Fung transports to Woven Capital
Toyota-backed Woven Capital has hired GCV Rising Star Will Fung, formerly investment principal at Samsung Catalyst Fund, for a similar role.
Daily Deal Round Up: August 23, 2022
Helmerich & Payne and Liberty Energy backed a $138m round for Fervo Energy, and Shandong Weigao helped Jinjiang Electron raise $103m.
Chang bets big on sustainable fuels at United Airlines
United Airlines Ventures is willing to look at risky, early-stage sustainable aviation fuel startups to hit decarbonisation targets.
Juneja expands role at SoftBank
SoftBank Investment Advisers managing partner Sumer Juneja will move to London and lead Vision Funds’ European investments.
Daily Deal Round Up: August 22, 2022
Hanwha Life took part in a $20m series B round for Airs Medical while Allianz-backed AV8 Ventures helped Think Bioscience close $17m in seed funding.
Daily Deal Round Up: August 19, 2022
SK provided $100m for Atom Power, while MediaTek, Ta Ya, Simplo and Chunghwa Telecom all took part in TXOne Networks’ $70m series B round.
VIDEO: ‘Downturn is a chance for CVCs to prove themselves’
Nicolas Sauvage, president of TDK Ventures, says the economic downturn is an opportunity for corporate VCs to show they are patient capital and will continue to invest in the right entrepreneurs.