PragmatIC Semiconductor closed a $125m Saudi Aramco-backed series C round while Manulife provided $100m in funding for EDF spinoff PowerFlex.
Month: December 2022
Crypto startups move to protect assets after FTX collapse
Companies that received financing from the bankrupt crypto exchange have sought to block FTX from making claims on assets.
Daily Deal Round Up: December 14, 2022
State Power Investment Corporation spinoff State Fuel Cell Technology Corporation raised $648m while Mercedes Benz spinoff RepairSmith is being bought for $190m.
Corporate investors rush to back EVs and self-driving cars
While corporate-backed deals are down at the subdued levels we’ve been observing since July, mobility, logistics and gaming saw an uptick.
Daily Deal Round Up: December 13, 2022
McCain Foods participated in a $150m round for GoodLeaf Farms while Shinsegae, YBM and SoftBank helped lift Mathpresso’s series C to $70m.
Emirates NBD enters the venture capital sphere
Head of strategy Neeraj Makin will oversee Dubai banking group NBD’s corporate venture fund, one of the few to be set up by a Middle Eastern bank.
Inflation Reduction Act means US is stealing Europe’s cleantech crown
The US’s $369bn climate act is a “game changer” in terms of size and could lure clean energy investors away from Europe.
Ladeia to head LatAm investments at Experian Ventures
Tiago Ladeia has been promoted at Experian Ventures, the corporate venture arm of the US- and Ireland-based consumer credit reporting company. After two years as the firm’s investment manager for the LatAm division, Ladeia will now serve as the senior investment manager and head of the LatAm division of the venture firm. Before joining Experian… Continue reading Ladeia to head LatAm investments at Experian Ventures
Daily Deal Round Up: December 12, 2022
Google and JSR participated in a $14m round for smart farming app developer CropIn while Go-Ventures led invoicing software producer Paper.id’s $12m series B.
80% of companies have 5 or fewer people on the investment committee
Keeping the investment committee small and lean appears to be the norm and c-suite executives are usually included.
Daily Deal Round Up: December 09, 2022
Keurig Dr Pepper paid over $860m for a 30% stake in Nutrabolt while corporate-backed Snapdeal cancelled a long-awaited IPO.
The Big Deal: Getir’s cut-price Gorillas purchase shows groceries delivery sector in flux
Corporate-backed Gorillas was bought for just $1.2bn and, together with competitor Oda’s $151m down round, it looks like winter is here for grocery delivery services.
11 companies you probably forgot had CVC units
Remember Twitter’s corporate venture fund? No? How about Adidas, Qantas or Disney? We delve into the past to go through some of the units time forgot.
Daily Deal Round Up: December 8, 2022
SoftBank contributed to a $700m round for sports memorablia retailer Fanatics while Drata, ShopBack and First Mode each notched up $200m.