The third fund – backed by Sabic, BAT, Heraeus and Petronas – is targeting $100m and the latest close included Tong An and Anqing High-Tech Zone.
Month: May 2023
Transport and mobility CVC deals spike in April
One month into the second quarter of this year, overall deal count and dollar volume continue to decline, but a relative uptick in transport and mobility-related deals showed pockets of investment remain strong.
Turkish CVCs pin hopes on election results
Turkey’s young but growing community of corporate investors is hoping to bring prosperity to the country and nervous about the elections.
The Big Deal: Paytm heads week of valuation bloodletting in India
SoftBank’s $120m sale of Paytm stock at a loss came in the same week as valuation cuts for Swiggy, Ola and Zomato as India’s once promising startup scene hits turbulence.
How to take your CVC unit to the next level
As corporate investment units get bigger, they need a mix of skillsets and career levels — and a good COO to manage them.
GVR Pod: A bird’s eye view of our current predicament
EY’s VC lead for the US talks about the difficulties in today’s venture market and where the silver linings are.
NGP invests $14m in cleantech startups
The investment division of UK utility National Grid announced two portfolio investments aimed at accelerating the clean energy transition.
These things surprise financial investors when they move into CVC
Cogent Venture Partners’ Mario Augusto Maia talks about the transition from financial asset management to CVC, and how to deal with the hurdles involved.
Lenke takes charge at Atlassian Ventures
Peter Lenke has succeeded Matt Sonefeldt as head of the enterprise software provider’s corporate venture unit following more than six years running CVC and M&A activity at Twitter.
Braginskiy gets new position at Sabic Ventures
Stepan Braginskiy has been promoted to investment manager at Sabic’s strategic unit, having helped lead deals including ReVentas and BioWish.
Eli Lilly expands impact fund to $300m
The pharmaceutical company’s Social Impact Venture Capital Portfolio helps improve healthcare access for black and other minority groups in the US.
SMBC launches $200m Asia-focused venture fund
Sumitomo Mitsui Banking Corporation’s $200m SMBC Asia Rising Fund will back fintech companies in Southeast Asia and India.
Video: Can the north of England create a Silicon Valley?
The university cities of Manchester, Sheffield and Leeds have formed the beginnings of a startup ecosystem with their partnership in investment fund Northern Gritstone.
Holo aims to make 3D metals printing (finally) mainstream
The Autodesk spinout, backed by Lam Research and Intuitive Surgical, is hoping to become one of the world’s largest producers of metal additive manufacturing parts.