The insurer is following up a $50m first fund with a sophomore vehicle that will continue to invest in Massachusetts-based startups along with those led by black founders.
Author: Robert Lavine
Robert Lavine is special features editor for Global Venturing.
Krysiek becomes MassMutual Ventures’ latest managing partner
Massachusetts Mutual Life’s strategic investment arm has hired Timothy Krysiek, formerly a managing director at Equinor Ventures, to co-lead its $100m Climate Tech Fund.
Malaysia launches CVC training programme
The government-led initiative encourages Malaysia’s largest businesses to join local companies like Petronas and Sunway in early-stage investing.
The Big Deal: Berkshire Grey becomes SoftBank’s latest lossmaker
SoftBank’s cut-price purchase of the warehouse automation specialist adds to a string of losses, but companies like Berkshire Grey could point to a way forward.
Saudi media group sets up strategic venture arm
Saudi Research & Media Group’s SRMG Ventures is targeting investments in both creators and media technology.
Gen Phoenix gets $18m to take its recycled leather upscale
The round included Jaguar Land Rover, Dr. Martens and Tapestry and comes as a newly rebranded Gen Phoenix looks to bring its recycled leather to luxury fashion and car seat covers.
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.
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.
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.
The Big Deal: Viridos tries to crack algae biofuel
Andrew Chang, MD of United Airlines’ venture unit, tells us sustainable jet fuels like that of portfolio company Viridos are a strategic priority, but how viable will they be long term?
IMI Critical hires Placidi to run venture studio
The flow control technology provider has recruited Marco Placidi to head its open innovation arm following a stint in corporate venturing for Halma.
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