Quest agreed to acquire cancer diagnostics startup Haystack Oncology while GV took part in oncology drug developer Antiva’s $53m series E round.
Month: April 2023
The Big Deal: Avalanche looks to bring nuclear fusion to space
Avalanche Energy CEO Robin Langtry tells us why Toyota and Autodesk are investing in a nuclear fusion startup, and why its reactors are going to be used to power satellites.
Deal Roundup: Globis Capital Partners gathers $543m for Fund VII
Education provider Globis closed its seventh VC fund at $543m while Heritage Medical Systems, Exor and Alexandria participated in RNA drug developer Orbital’s $270m series A round.
Crypto exchanges pull back VC investment as market tanks
The 12 most active crypto exchange VCs have dramatically cut their investment rate over the past few months. Is it because of FTX? The answer is yes, no and sort of.
Deal Roundup: Corporates help Vedanta close nine-figure round
Axa IM Alts co-led a $106.5m round for bacterial therapeutics startup Vedanta while Bloomberg Beta participated in generative AI developer Replit’s $97.4m series B.
Andersen becomes head of New Growth & Ventures at H&M Group
Former H&M Group Ventures head Nanna Andersen has moved up to take on the role of head of New Growth & Ventures at H&M Group.
The future of the grid is demand responsive and decentralised
The transition to net zero isn’t just about getting renewables sources online, corporate-backed startups are emerging to help restructure how we get and use that energy.
Oil and gas sector halves backing for startups in Q1
Oil and gas companies backed just 32 startup deals with a total estimated value of $1.23 in the first quarter of the year.
Deal Roundup: Super.com soars to $85m series C round
Telstra Ventures helped savings app developer Super raise $85m while ING Ventures was part of database software producer Weaviate’s $50m series B.
Andreoletti promoted to CEO of Eni Next
Clara Andreoletti has taken up US-based president and CEO roles for the corporate venturing unit of Eni.
How to build a business development team at your CVC unit
Some 38% of CVC units have a team dedicated to helping portfolio companies make business connections. It is increasingly becoming a secret weapon for investors as portfolio valuations come under strain.
Deal Roundup: Span boosts series B round to $186m
Amazon, Munich Re and Qualcomm backed the second tranche of Span’s latest round, while Associated British Foods helped lift KoRo’s series B to $82.7m.
Deal Roundup: CoreWeave builds $221m series B round
Nvidia was part of cloud infrastructure provider CoreWeave’s series B round while Dell chipped into cybersecurity startup Halcyon’s $50m series A.
The Big Deal: Mansa and Rock the Bells leverage a more diverse media landscape
Black-focused online streamer Mansa and hip hop content platform Rock the Bells both closed corporate-backed rounds this week, part of the changing face of new media.