Wells Fargo, Greystar, Invitation Homes and Prosus were part of Blit Rewards’ $150m round while Mouro Capital co-led Vesttoo’s $80m series C.
Month: October 2022
CVC investments face increased antitrust scrutiny
US regulators are making a point of going after corporations that invest in companies where there is a perceived competitive overlap.
Daily Deal Round Up: October 25, 2022
Gradient Ventures participated in a $40m series A round for The Coterie’s while Legal & General led MoneyHub’s $39.5m series B.
Gaming fund launches in South Korea
GXC, the South Korean gaming technology developer, has created a corporate fund to invest in video game-related companies.
Smeed speeds ahead to InMotion Ventures
The hiring comes after the firm’s corporate parent, Jaguar Land Rover, altered its innovation strategy and developed a research hub, the National Automotive Innovation Centre
Daily Deal Round Up: October 24, 2022
A range of corporates contributed to electric carmaker Aion’s $2.5bn series A round while Prosus took part in a $46m series E for farming services provider DeHaat.
Angelini unveils $293m healthcare venture fund
The European industrial group has formed a unit which will invest in early-stage life sciences and biotech developers through a team headed by Paolo Di Giorgio.
Valetec Capital bullish on Brazilian market
The country’s biggest CVC-as-a-service firm says it is an optimal time to invest in startups as corporate interest in innovation soars.
Half of corporate investors negotiate special rights for portfolio company exits
Corporate investors rarely acquire the portfolio companies they invest in, but most will still negotiate special rights around an exit.
Daily Deal Round Up: October 21, 2022
AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.
The Big Deal: Cyberdontics bites on corporate cash
Cyberdontics’ series A round is that rarest of things – a VC investment by a dental company. Why has the sector been underserved, and could it be about to change?
LeBlanc joins Woven Capital
Nicole LeBlanc has left Danish venture firm 2150 and relocated to Japan to reprise the partner role at Toyota’s Woven Capital unit.
SoftBank shakes up its VC structure
The corporate is set to split its investment staff into two regional teams under Alex Clavel and Greg Moon, following some 150 job losses.
Value of corporate-backed energy deals quadruples
Corporate investors continue to be bullish about investing in the energy transition, even into 2022.