SoftBank’s cut-price purchase of the warehouse automation specialist adds to a string of losses, but companies like Berkshire Grey could point to a way forward.
Month: March 2023
Deal Roundup: EigenLabs generates $50m in series A funding
Coinbase took part in EigenLabs’ $50m series A round while professional services firm Hakluyt reached the second close of its growth fund.
Deep-tech startups face deepening national security concerns
The pressure on startups to trade off potential security risks of their technology against the competitive need to raise capital is set to grow.
Saudi media group sets up strategic venture arm
Saudi Research & Media Group’s SRMG Ventures is targeting investments in both creators and media technology.
Deal Roundup: Cisco gets Lightspin in $200m deal
Cisco acquired Dell-backed cybersecurity software provider Lightspin for $200m while Microsoft took part in coding automation platform Env0’s $35m series A round.
Gen Phoenix gets $18m to take its recycled leather upscale
The round included Jaguar Land Rover, Dr. Martens and Tapestry and comes as a newly rebranded Gen Phoenix looks to bring its recycled leather to luxury fashion and car seat covers.
Deal Roundup: Isar Aerospace’s series C reaches $165m
Porsche took part in satellite launcher developer Isar Aerospace’s $165m series C round while digital insurance portal Qoala boosted its corporate-backed series B to over $72m.
How Btomorrow is helping transform its parent’s core business
Btomorrow Venture’s investment director Lukasz Garbowski talks about its mission to help British American Tobacco reinvent itself in an industry going out of vogue.
Continuing the supercycle of defence investment
Global Corporate Venturing editor Maija Palmer talks to Ryan Lewis, partner at SRI Ventures and Tom Park, partner at BDC Deep Tech Fund, about why they are setting up the GCV Defence Council Advisory Board
Deal Roundup: ArriVent arrives at $155m series B round
Eli Lilly took part in the biopharmaceutical startup’s $155m series B while Weiqiao Pioneering led a $112m series A-plus round for robotic truck developer DeepWay.
Sato steps back from MS&AD Ventures
After almost five years, GCV Powerlist mainstay and MS&AD Ventures founder Tak Sato has departed from his managing partner position.
US fusion startup receives $29m
Type One Energy will use the venture financing to fund the commercialisation of its stellarator fusion technology.
Video: ‘Periods of turmoil are opportunities’
Amy Burr, president of JetBlue Ventures, explains why today’s economic downturn presents great opportunities to invest in startups.
Deal Roundup: Bend Health takes care in $32m round
Corporate-backed WVV Capital helped paediatric health startup Bend Health raise $32m while Snowflake contributed to a $28m round for data collaboration platform Hex.