Terna Forward has been allocated over $50m and will look to invest in external companies as well as spinning off innovative technology through an incubator model.
Month: November 2022
Daily Deal Round Up: November 30, 2022
Wuxi SAIC Jinshi Innovation Industry Fund led SemiDrive’s $139m series B+ round while Next47 participated in Locus Robotics’ $117m series F.
Scania announces new $190m fund
The new fund will invest in software, mobility services and sustainability.
Oil and gas companies’ investments aren’t rising in line with profits
Oil and gas companies’ profits have risen more than five-fold in the last two years. But investment activities are increasing more slowly.
Daily Deal Round Up: November 29, 2022
Lockheed Martin-backed Tempo Automation sealed its reverse merger while Strand Therapeutics upped a round featuring Eli Lilly and Beigene to $97m.
9 startups reshaping the packaging sector
Many of the companies have financial and corporate venture backers, as businesses seek alternatives to single-use plastics.
Daily Deal Round Up: November 28, 2022
Sanofi Ventures took part in Escient Pharmaceuticals’ $120m series C round while Castrol India provided $60m for Ki Mobility Solutions.
Lystimäki to take the reins at Schibsted Ventures
The media and e-commerce group has chosen Jussi Lystimäki to replace Dan Ouchterlony as head of its venture arm, which is set to move closer to its core business.
Most CVC investors reserve more than 30% of fund for follow-ons
Startups are always anxious to know if their investors can provide follow-on funding. The good news is, corporate investors a putting aside good reserves for this.
Burns to exit Equinor Ventures
Gareth Burns is departing from energy company Equinor’s corporate venture subsididary, which he heads as vice-president.
Mars Petcare: three secrets to a successful CVC partnership
Clubbing together with other investors is a great way for corporates to finance startups. But check these three things are aligned first.
Sawhney swaps Toyota for InMotion Ventures
The hiring comes after InMotion’s recent hiring of Mike Smeed, as managing director to further innovative the autonomous car and shared mobility sector
The Big Deal: LaundryGo sets pace in the cleaning services sector
SoftBank helped the on-demand laundry service push its valuation past $250m, a rare occurrence in a sector that’s so far failed to catch fire.
Daily Deal Round Up: November 25, 2022
BBVA was among the investors providing over $36m for digital bank Atom while LiDAR system developer Scantinel received more than $10m in a Zeiss-backed round.