Husk Power Systems has just raised $100m from investors including Shell to build 1,500 solar mini-grids in India and Nigeria in the next four to five years.
Category: Deals
Corporates increase backing for industrial startups
Funding in every other sector continues to decline but industrial startups solving climate change and logistics problems are in vogue.
The Big Deal: Australia’s Employment Hero plans global growth after $1bn valuation
HR software provider Employment Hero has scored a unicorn valuation as it looks to strengthen its international presence – and Seek could have the ideal CVC profile to help.
The Big Deal: EH2 becomes hydrogen tech’s first unicorn
Ten corporate investors were part of a $380m series C round this week, including Fortescue, United Airlines, Rio Tinto, Amazon, Microsoft and BP.
Unearth Technologies is acquired and Tuhu Car IPOs: September roundup
Unearth Technologies is acquired and Tuhu Car undergoes an IPO – read the full round up of corporate venture activity in September.
The Big Deal: Anthropic leads the return of billion-dollar rounds
The week saw two billion-dollar rounds for the first time since the 2021 boom, but Anthropic and Rox Motor typify the top of a market increasingly concentrated in two areas.
The Big Deal: Instacart leads a new wave of IPOs
The corporate-backed shopping service floated in a $660m offering this week, alongside Klaviyo, RayzeBio and Neumora, but investors may have to pay a price for their IPO exits.
Funding for robot startups increases despite difficult market
Robotics deals saw an increase despite an overall decline in deal count and dollar volume this summer.
The Big Deal: Snowflake backs historic market data provider BMLL
BMLL and Snowflake tell GCV why its vast data lake is an ideal fit for Snowflake’s marketplace and its corporate venture portfolio.
AI and pharmaceuticals dominated in August
The monthly deals table is out for August. Browse a month’s worth of CVC deals, see what was trending and what dropped off.
August Deal Round up: Avatr Technology gets $412m in series B funding
Changan Automobile, Contemporary Amperex Technology and China South Industries were all part of Avatr Technology’s $412m series B round.
The Big Deal: Genesis gets $200m for its gen AI drug development
This is the latest in a series of healthcare AI businesses that Nvidia has backed, as generative AI adds a new dimension to drug discovery.
The Big Deal: Carbon capture’s first billion-dollar acquisition
Occidental’s $1.1bn purchase of portfolio company Carbon Engineering is a landmark moment for CCS startups, but who could be next on the M&A slate?
The Big Deal: Meatable readies its lab-grown meat for market
The alternative meat sector is struggling but DSM Venturing believes there is a future for lab grown meat as regulatory hurdles are overcome.