Jaguar Land Rover was part of a $125m equity and debt round for Carmoola while GV exited Soylent in a Starco Brands acquisition.
Month: February 2023
CVS Health ups its investment firepower as it moves into primary care
Managing partner Vijay Patel tells us why CVS Health Ventures has launched a growth fund as its parent makes a big primary care play.
Deal Roundup: Hemab lets in $135m
Access Biotechnology led Hemab Therapeutics’ $135m series B round while South Africa’s Sasol launched a $53m CVC partnership with Emerald Technology Ventures.
United Airlines launches $100m sustainable fuel venture fund with external LPs
Air Canada, Boeing, GE Aerospace, JPMorgan Chase and Honeywell are joining as limited partners to help decarbonise a notoriously hard-to-abate industry.
Deal Roundup: Penn buys Barstool in $388m deal
Penn Entertainment bought the rest of digital sports media platform Barstool while Overstock helped agricultural payment technology provider GrainChain raise $29m.
Steager says goodbye to Touchdown Ventures
CVC veteran Eric Steager has left Touchdown Ventures and joined Purdue University subsidiary Purdue Ventures as managing director.
Warning signs that deter corporates from investing in startups
From excessive dilution to aggressive clauses, corporate investors look for these red flags when scouting new investments.
Deal Roundup: Deepwatch dives into $180m round
Splunk helped cybersecurity software provider Deepwatch secure $180m while Alibaba sold off the rest of its One97 stake for $167m.
The Big Deal: Curie.Bio brings coaching to early-stage biotech
GV helped head up a 35-strong investor network backing Curie, which has raised $520m to bring CVC-like strategic help to its seed-stage drug developer portfolio.
Assa Abloy backs smart locker-focused fund Locker One
Locker One Ventures is targeting products that can integrate with corporate backer Assa Abloy’s public locker network.
Takker moves up at J.P. Morgan FinTech Strategy & Investment
Chirag Takker has been promoted to vice president at J.P. Morgan’s corporate venture unit.
Deal Roundup: Alphabet spinoff SandboxAQ secures $500m
Alphabet spinoff SandboxAQ raised $500m while Alphabet unit GV helped provide $193m for Aera Therapeutics and $520m for Curie.Bio.
Huangfu departs from Huobi Ventures
After working for Huobi Global’s corporate investment division for nearly two years, Evans Huangfu has joined Arcane Group.
Maersk: startups are key to solving the supply chain crisis
Maersk is transforming from a shipping line to a tech-powered logistics company and Shereen El Zarkani, head of Maersk Growth, how startups will play a part.