The Michigan-based startup believes a dual-cell, dual chemistry battery pack can dramatically increase the range of electric cars.
Month: March 2023
Metals recycling startup raises $16m
PH7 Technologies has closed a series A round that will fund a technology which recycles precious metals critical to the energy transition.
Deal Roundup: Kream takes in $168m
Naver, SoftBank and Samsung backed Kream’s $168m series C round while BMS and Lyell helped lift Outpace Bio’s series A to $55m.
The Big Deal: eToro’s value shrinks on financial markets turmoil
Online trading platform eToro’s valuation was cut by two-thirds in a $250m round this week, as the financial markets slump hits the sector.
The real magic of the SVB loan book may already be lost
SVB used its influence over venture capital investors to make sure startup loans were repaid. If it is broken up, this power is lost.
Can AI and globalisation revitalise corporate venturing?
As the central tenets and ideas of corporate venturing expand around the world new, unique forces in generative AI are coming into play to change the dynamic and unleash greater disruption.
Corporate VC deals continue to decline in February
The number of startup funding rounds backed by corporate investors dropped 43% year-on-year in February. Deal value was down by two-thirds.
Deal Roundup: JD Industrials builds $300m series B round
JD Group spinoff JD Industrials raised $300m in a series B round co-led by by G42 while Mizuho Bank led Kredivo’s $270m series D.
HTGF heightens investments as inflation bites
German investment firm High-Tech Gründerfonds has launched a new fund that aims to fill the gap in larger financings.
Deal Roundup: eToro finds $250m funding
Ion Group and SoftBank backed online trading platform eToro at a $3.5bn valuation while Axa helped health benefits provider Gravie raise $179m.
Strangeworks’ Hitachi-led round solidifies quantum deal rush
Strangeworks raised $24m in series A funding from investors including Hitachi, Raytheon and IBM, with the quantum computing sector well over halfway to its 2022 CVC funding total.
Driving to electrify Latin America
Wind Ventures chief Brian Walsh talks about the race to electrify vehicles and provide a launchpad into the region.
Deal Roundup: Illuminate Financial brightens up with $200m
Multiple finance-focused corporates helped supply $200m for Illuminate Financial’s third fund while Reebelo’s Naver-backed series A round now stands at $50m.
Corporate venture capital statement on Silicon Valley Bank
The following joint statement was prepared by the Global Corporate Venturing Leadership Society Advisory Board.