Eight Roads Ventures led the office design software provider’s latest round, which included corporates BASF and Saint-Gobain.
Author: Edison Fu
Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
Kringle Pharma rings up new funding
Chishima Real Estate and Miraca helped add $6.8m to extend Kringle‘s latest round to $15.5m which will fund development of its rare disease treatments.
GMO Venture Partners crowns portfolio support scheme
The internet company’s investment arm has earmarked just over $32m to support portfolio companies through the Novel Coronavirus Recession Prevention Program.
CVC in the Time of Coronavirus: Dai Watanabe, Delight Ventures
Although the pandemic will represent a damaging shock, Watanabe believes it may eventually be beneficial for Japan’s startup space.
Seiko Epson seeks out corporate venturing deals
The printing technology provider has set aside $46.7m and teamed up with Global Brain to set up the Epson X Investment unit.
CVC in the Time of Coronavirus: Tarik Galijasevic, Allstate Strategic Ventures
Galijasevic predicts collaborations among corporate VCs and startups will only accelerate as they look to innovative technologies to address customer needs during tumultuous times.
Yamato delivers Kuroneko Innovation Fund
Delivery services provider Yamato has partnered venture firm Global Brain to launch a $46.4m fund that will target logistics technology developers.
Kyash gets series C payment
The corporate-backed mobile banking services provider collected $43.6m in a round co-led by Goodwater Capital and Greenspring Associates.
WhitePlus washes up with fresh funding
YJ Capital returned to reinvest in a $13.9m round for the laundry app developer alongside Globis Capital Partners and Raksul.
Welmo swells series B round
Tepco Power Grid helped the specialised care software developer take its latest round, which already included Line, Mixi, Aioi Nissay Dowa, Akatsuki, Global Kids and Konica Minolta, to $14.3m.
Tokyu Accelerate Program selects 2019 finalists
The Tokyu-backed scheme has hosted the fifth batch’s demo day with Subsclife, Barus, Luup, Fun Up, Self Link and Sora (MagicPrice) receiving awards.
CVC in the Time of Coronavirus: Donald Lacey, Ping An Global Voyager Fund
The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.
Rehman rises to managing partner at Vision Fund
Faisal Rehman, previously a partner who managed SoftBank Vision Fund’s Middle East investments, has ascended to managing partner following the departures of several key executives.
GM Ventures’ Lauckner to retire
GCV Powerlist mainstay Jon Lauckner has announced his imminent retirement from General Motors after leading the firm’s GM Ventures unit for a decade.