It is hard to build an agile, innovative startup inside a big corporation. But not impossible. Setting boundaries and defining your terms carefully will help minimise the risk of failure.
Month: November 2022
The Big Deal: Acrivon gives the IPO market a boost
The cancer drug developer popped after an upsized offering, allowing Alexandria Venture Investments to exit and showing the IPO market is still breathing in the US.
Daily Deal Round Up: November 18, 2022
Dongfeng Motor spinoff Voyah secured $639m at a valuation topping $4bn while Intel Capital helped AI chip developer Astera raise $150m.
SE Ventures launches €500m climate and industrial tech fund
The CVC grows to €1bn in committed capital and becomes one of the largest venture capital units focused on electrification, digitisation and decarbonisation.
HSBC still bullish on Web3 despite recent turmoil
Catherine Zhou, who heads up HSBC’s venture capital activities, tells Global Venturing it is going long on blockchain and tokenisation tech despite recent turmoil in the Web3 market.
Daily Deal Round Up: November 17, 2022
Salesforce, Nikkei and NTT Docomo exited Evernote in a Bending Spoons acquisition, while Alexandria Venture Investments-backed Acrivon went public.
From consultancy to full CVC in three years — why Brazil’s Torq is moving fast
Torq Ventures — which has gone from consultancy to full CVC unit in 3 years — is a sign of how fast Brazilian corporate venture is growing.
Daily Deal Round Up: November 16, 2022
Pfizer Ventures took part in chemoprteomics drug developer Jnana’s $107m series C round while Energy Impact Ventures closed a $485m corporate-backed fund.
MassMutual launches $100m Climate Tech Fund
MassMutual Ventures doubled down on its ESG plans with a fund that will back up to 20 startups, lifting its capital under management to the $1bn mark.
Amy Wu leaves beleaguered FTX Ventures
Amy Wu, an investor at the corporate venturing arm of cryptocurrency exchange FTX, has left the company after the parent filed for bankruptcy on 11 November. Her departure was reported by cryptocurrency news service Herald Sheets, although her LinkedIn profile says she still works at the firm. Wu joined FTX Ventures, based in the Bahamas,… Continue reading Amy Wu leaves beleaguered FTX Ventures
5 reasons CVC should declare independence
Why more corporate venturing units are choosing a more independent legal footing for their funds.
Daily Deal Round Up: November 15, 2022
Optum Ventures led a round for home care provider DispatchHealth sized above $330m, while several corporates helped workload data software producer Weka raise $135m.
Simplyhealth launches fund to invest in disease management
The UK health insurer says it is a good time to launch a fund as the froth has come out of valuations and “sensible” money can go in.
FMC Ventures turns over a new leaf
The agricultural chemicals producer is widening its investment remit, looking at everything from fintech for farmers and soil health.