UBS and Goldman Sachs were part of a $23m round for Droit, which is expanding its regulatory compliance product to wealth management in a risk-conscious financial sector.
Author: Robert Lavine
Robert Lavine is special features editor for Global Venturing.
Salesforce Ventures launches new $250m fund for generative AI
Salesforce is integrating generative artificial intelligence across its customer relationship management platform and its venture unit is getting in on the act.
Indra gets Gulf Oil backing for its advanced EV charging system
Indra, developer of a system that lets electric cars sell energy back to the grid, raised nearly $24m in a series B round led by return investor Gulf Oil International.
The Big Deal: Insolvent Britishvolt finds a buyer
Recharge Industries may be purchasing prospective battery producer Britishvolt out of insolvency but its collapse highlights the risk corporates face backing infrastructure-heavy startups.
CapitalG gets Sturdy leader
CapitalG is promoting Laela Sturdy to managing partner to replace David Lawee, who is leaving after a decade backing companies such as Airbnb, Stripe and Snap.
HTGF harnesses 45 corporates to close $524m fund
Seed-stage investor High-Tech Gründerfonds secured backing from a range of German corporates for its fourth fund, taking its total capital under management past €1.3bn.
The Big Deal: Web3 stays strong at seed stage as Kratos raises $20m
Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.
CVS Health ups its investment firepower as it moves into primary care
Managing partner Vijay Patel tells us why CVS Health Ventures has launched a growth fund as its parent makes a big primary care play.
The Big Deal: Curie.Bio brings coaching to early-stage biotech
GV helped head up a 35-strong investor network backing Curie, which has raised $520m to bring CVC-like strategic help to its seed-stage drug developer portfolio.
Assa Abloy backs smart locker-focused fund Locker One
Locker One Ventures is targeting products that can integrate with corporate backer Assa Abloy’s public locker network.
Maersk: startups are key to solving the supply chain crisis
Maersk is transforming from a shipping line to a tech-powered logistics company and Shereen El Zarkani, head of Maersk Growth, how startups will play a part.
The Big Deal: Penske’s Vox Media deal highlights digital media’s decline
Penske Media’s $100m investment in Vox Media halved its valuation, as the digital media sector continues to consolidate while its companies struggle against prevailing trends.
Workday doubles size of venture fund to $500m
The finance and HR software provider added $250m to its Workday Ventures unit as it looks to harness new technologies like generative AI.
SEB Alliance co-founder Meyer moves to venture capital fund
More than a decade after leading SEB Alliance for appliance maker Groupe SEB, François-Xavier Meyer has become VC fund Sierra Venture Capital’s latest partner.