Nabtesco took part in Nanograf’s $65m series B round while Cox Enterprises chipped into Checkerspot’s $55m series C.
Month: February 2023
Crawford accelerates at GM Ventures
Stefon Crawford has been promoted from principal to partner at General Motors’ corporate venture arm, GM Ventures
What corporate investors look for in a startup
Adding strategic value is an obvious one. But other traits are important to corporate venture capital investors too.
Btmorrow Ventures taps M&A head to lead unit
Juan Palacios replaces Lisa Smith, who left the company in January.
Deal roundup: Aspire asserts itself with $100m series C
MassMutual and Paypal took part in Aspire’s $100m series C round while Credit Suisse led Taurus’s $65m series B.
Databricks: how to follow the “enterprise software CVC playbook”
The CVC newcomer is following an investment blueprint set by Intel and Salesforce. Start small, avoid friction, cover a lot of ground.
Nagraj Kashyap leaves Softbank Vision Fund
The corporate venturing veteran, who founded Microsoft’s CVC, M12, joins the list of recent departures from the embattled fund.
Deal Roundup: Zeekr seeks out $750m series A
Contemporary Amperex Technology was among the investors in Zeekr’s $750m series A round while Bank Al Jazira led a $156m series C.
Corporate venturing drops further in January
Funding for agricultural technology startups and deals in India increased in January, amid an overall fall in activity.
More deals by oil and gas investors in 2022 but with fewer dollars
Oil and gas companies backed more startup funding rounds in 2022 than the previous year, but the dollar valuation of deals fell by more than two thirds.
Deal Roundup: Nana nabs $133m in series C
Kingdom Holding co-led Nana’s $133m series C round while Panasonic exited Geo Semiconductor in a $180m acquisition and corporate-backed Hesai raised $190m in its IPO.
The Big Deal: Penske’s Vox Media deal highlights digital media’s decline
Penske Media’s $100m investment in Vox Media halved its valuation, as the digital media sector continues to consolidate while its companies struggle against prevailing trends.
Cindi Bough moves to OGCI Climate Investments
Bough will focus on technologies that capture, store and use carbon emissions.
Seven steps to building a successful venture
Debbie Brackeen was give a Herculean task when she joined CSAA Insurance Group — to create another $1bn in revenues for the 100-year-old US insurer in 10 years. That was a 25% increase in sales, and Brackeen knew that just investing in external startups was not going to be enough to reach it. CSAA would have… Continue reading Seven steps to building a successful venture