Internet group Naver’s metaverse subsidiary will use the cash to support game studios in its ecosystem.
Author: Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the Global Venturing Review podcast.
Daily Deal Round Up: January 28, 2022
SoftBank led digital pharmacy Alto’s $200m series E round as well as a $130m series B round for rent data software provider Esusu.
FTX US hauls in $400m
FTX Trading’s US subsidiary secured the cash at an $8bn valuation, bucking the trend among rival cryptocurrency exchanges less eager to raise funding.
Akili Interactive accedes to $1bn reverse merger
The Merck Group, Amgen, Shionogi and Digital Garage-backed digital cognitive treatment developer will get a Nasdaq Capital Market listing through the deal.
Cathay Life commits $30m to NEA fund
Cathay Life Insurance is the latest in a string of Taiwan and China-based insurers to put money into external venture capital funds.
Deloitte Canada sets up $119m venture unit
Deloitte Ventures will target investments in Canada-based startups, providing up to $8m through each deal.
Culdesac walks to $30m
Lennar’s Len X subsidiary helped the walkable neighbourhood developer raise equity financing as it prepares to open its first housing units.
Boeing flies $450m to Wisk
Boeing’s investment in the automated flying taxi developer follows a series of reverse takeovers in the sector in 2021.
Daily Deal Round Up: January 24, 2022
Razorpay is reportedly eyeing the possibility of acquiring Amex-backed Ezetap while Sayata and Spectrum Labs were among the companies that received corporate backing.
HugePod prints $40m in funding
The on-demand apparel printing wholesaler received backing from Joyy to expand into the US market.
Investors pour $20m into Flying Embers
Beam Suntory was among the investors in the organic alcohol brand’s series C round, possibly the largest yet in the space.
SoftBank sinks funding into Shoplazza and Big Health
Vision Fund 2 invested in e-commerce software provider Shoplazza and digital therapeutics developer Big Health as part of what is becoming a busy January.
Mythical Games scores Polystream acquisition
Intel and Wargaming Group both exited the metaverse gaming platform developer in a deal which could be the first of several in the rapidly growing space.
Daily Deal Round Up: January 19, 2022
Volkswagen Group invested a nine-figure amount in 24M Technologies while SoftBank participated in a $100m series C round for Pixis.