Legend Capital-backed MicuRx has floated on the Shanghai Stock Exchange and Intel Capital took part in Geek+’s $100m series E1 round.
Category: Firms
CoinSwitch launches Web3 Discovery Fund
The Indian cryptocurrency exchange operator’s Web3 Discovery Fund will target local entrepreneurs working on blockchain-infused technologies.
Daily Deal Round Up: August 8, 2022
ETS Global led a $210m round for UpGrad while CrowdStrike’s Falcon Fund took part in Talon Cyber Security’s $100m series A.
Tech companies slow investment activities
GCV recorded just 205 deals worth $7.42bn involving corporate investors from the IT sector in Q2. That is down more than 60% from last year.
Daily Deal Round Up: August 5, 2022
Maersk Growth took part in Afresh’s $115m series B round while ZeroFox acquired a Nasdaq listing when it completed a reverse takeover.
KnowBe4 establishes KnowBe4 Ventures
The security awareness group’s CVC unit will focus on the human layer of cybersecurity.
Prosperity7 Ventures lets in Lee
The Saudi Aramco unit has hired Sean Lee after adding fellow corporate venturers Daisy Garcia and Abhishek Shukla to the team in recent weeks.
Daily Deal Round Up: August 4, 2022
Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.
Nestlé to launch CVC fund
The unnamed vehicle was revealed at the inauguration of Panela House, the corporate’s Brazil-based open innovation space.
Yi He takes over Binance Labs amid crypto downturn
Binance has appointed chief marketing officer and co-founder Yi He as the new head of its incubator and venture unit as it looks to overcome turbulence in the Web3 market.
Daily Deal Round Up: August 3, 2022
Xiamen C&D took part in OriCell Therapeutics’ $120m series B round while Shopify provided $100m in funding for Klaviyo.
Energy provider Eni forms venture builder
Eniverse Ventures will complement the oil and gas supplier’s Eni Next vehicle as it looks to achieve carbon neutrality by 2050 in the wake of massive profits for the industry.
Ulta Beauty launches $20m Prisma Ventures unit
The corporate is targeting companies it hopes will advance beauty retail and transform the shopping experience with digital technology.
Daily Deal Round Up: August 2, 2022
Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.