Guangdong Jia Yuan took part in a $177m round for Tian Yu Semiconductor Energy while Schrodinger, WuXi AppTec and Eli Lilly exited Structure Therapeutics in a $161m IPO.
Month: February 2023
Workday doubles size of venture fund to $500m
The finance and HR software provider added $250m to its Workday Ventures unit as it looks to harness new technologies like generative AI.
Deal Roundup: Vox veers to $100m round
Penske Media paid $100m for a 20% stake in Vox Media while Tencent and Hachshara Insurance took part in a $62m round for One Zero.
Deal Roundup: SolarSpace secures $443m
Sinochem contributed to a total of $443m series B and pre-IPO funding for SolarSpace while Pernod Ricard took part in a $110m round for Fever.
SEB Alliance co-founder Meyer moves to venture capital fund
More than a decade after leading SEB Alliance for appliance maker Groupe SEB, François-Xavier Meyer has become VC fund Sierra Venture Capital’s latest partner.
Cars are still a fashion industry says General Motors’ CTO
New materials and integrating car and driver a part of the US automaker’s innovation vision – as is taking bets on young startups, says Kent Helfrich.
Deal roundup: Anthropic arrives at $300m
Google invested $300m in AI technology developer Anthropic while robotics unicorn UBTech filed for a Hong Kong IPO.
Sony Ventures moves into the VC business
The company’s new fund brings in external investors and will focus on fintech, healthtech, entertainment and investments in India.
Deal roundup: Enzene Biosciences gets $50m
Alkem participated in a $50m round for its Enzene spinoff while Schlumberger took part in The Exploration Company’s $43.6m series A.
The Big Deal: Risilience rides the ESG wave
The environmental analytics provider’s National Grid-backed series B round shows the interest around startups who can use data to help corporates fulfil their environmental data requirements.
Deal roundup: Raylo picks up $136m
Telefónica participated in a $136m round for Raylo while Novartis helped Alto Neuroscience hike its series B to $60m.
Tenable Ventures says its precision cybersecurity focus gives it the edge
Tenable Ventures can offer risk prevention know-how you can’t get from big IT corporates or specialist venture firms, it tells Global Venturing.
RTX Ventures takes aim at emerging defence technologies
Startups creating defence technologies like drones, AI and hypersonics are in demand. But can they work well with big defence contractors?
Deal roundup: Our Next Energy’s $300m series B
BMW took part in Our Next Energy’s $300m series B round while Animoca Brands contributed to Colossal Biosciences’ $150m series B.