Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.
Month: August 2022
Rising Stars Q&A – Ting-Ting Liu, Prosus Ventures
Q&A with Ting-Ting Liu, associate, Prosus Ventures
Nestlé to launch CVC fund
The unnamed vehicle was revealed at the inauguration of Panela House, the corporate’s Brazil-based open innovation space.
Yi He takes over Binance Labs amid crypto downturn
Binance has appointed chief marketing officer and co-founder Yi He as the new head of its incubator and venture unit as it looks to overcome turbulence in the Web3 market.
Daily Deal Round Up: August 3, 2022
Xiamen C&D took part in OriCell Therapeutics’ $120m series B round while Shopify provided $100m in funding for Klaviyo.
Energy provider Eni forms venture builder
Eniverse Ventures will complement the oil and gas supplier’s Eni Next vehicle as it looks to achieve carbon neutrality by 2050 in the wake of massive profits for the industry.
Ulta Beauty launches $20m Prisma Ventures unit
The corporate is targeting companies it hopes will advance beauty retail and transform the shopping experience with digital technology.
Daily Deal Round Up: August 2, 2022
Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.
Singtel boosts corporate venture funds to $350m
Singapore’s largest telecommunications company has hiked its venture arm’s operating capital by $100m as it looks to expand its international investments.
Why two heads can be better than one
What are the benefits of running a venture unit with two managing directors? Wipro Ventures’ Venu Pemmaraju and Bipla Adhya bring contrasting experiences and two pairs of eyes.
Hirsch progresses to Varian
Varian Medical Systems has hired Tali Hirsch, formerly venture investment director at Fresenius Medical Care North America, as director of strategy and corporate development.
GVR Podcast: Distributing opportunity with Héctor Shibata, AC Ventures
The future of logistics and retailtech is looking bright, and AC Ventures’ Hector Shibata is looking to capitalise on it.
Sheyindemi exits from Wayra UK
Margaret Sheyindemi announced her departure after working for Telefónica’s CVC unit for more than three years.
Daily Deals Round Up: August 1, 2022
Actis is set to acquire a majority stake in Mitsui and Equinor-backed Yellow Door Energy while GMO, Yara International and Digital Garage all backed Jai Kisan’s $50m series B round.