Lazada Group and Touch ‘n Go provided $168m for online payment platform developer TNG Digital while Arab Bank Accelerator was among the investors in Cartona’s $12m series A round.
Category: Firms
Bertelsmann explores spinoff strategy with $700m BAI Capital fund
BAI Capital is the second Asian venture affiliate of the media group to close a huge fund in the past month, having brought on limited partners including internet and insurance groups.
Doral-Tech’s sunshine and moon-mining energy bets
Being from a small country with few resources, Doral Energy has had to innovate fast. Its CVC is no different.
PGA of America creates golf-focused investment fund
The professional golfing body has joined forces with sport-focused firm Elysian Park Ventures to launch strategic fund EP Golf Ventures.
Daily Deal Round Up: July 20, 2022
Google, Chevron and Sumitomo were part of fusion power system developer TAE’s $250m series G2 while GMO VenturePartners and Christie’s Ventures formed new funds.
Citi Impact Fund looks to beat the system
Managing director Meredith Shields tells Global Venturing the bank’s $200m impact investment vehicle is drawing up new investment frameworks as it prepares for its next phase.
Daily Deal Round Up: July 19, 2022
Eli Lilly and Illumina took part in liquid biopsy developer Delfi Diagnostics’ $225m series B round while Sompo, Yamaha Motor and Bridgestone invested $87.8m in driverless vehicle software provider Tier IV.
Daily Deal Round Up: July 18, 2022
Bertelsmann vehicle BAI Capital co-led a $150m C2 round for payment card provider Stori while Sram and Mram supplied $100m in series A funding for blockchain ecosystem developer 5ire.
Adeyemi leaves HSBC to start new firm with fellow alumni
Ore Adeyemi left HSBC’s corporate venturing unit to start a new firm with two other HSBC colleagues.
Flow Traders floats strategic investment vehicle
Flow Traders Capital is equipped with over $50m and will invest in digital asset and financial infrastructure technology for its market maker parent.
Daily Deal Round Up: July 15, 2022
NextEra Energy, SK and Mitsubishi Heavy Industries America were part of a $300m round for Monolith while Superscrypt helped Safe secure $100m.
Booz Allen Hamilton launches $100m venture fund
The consultancy firm wants to invest in early-stage technology that has both commercial and public sector use.
Daily Deal Round Up: July 14, 2022
Alphabet unit GV participated in autonomous flight technology developer Merlin Labs’ $105m series B round while several corporates helped Cathay Innovation close a $1bn fund.
RBVC to enhance US east coast focus with fifth fund
Robert Bosch’s corporate venturing subsidiary is launching a Boston office in connection with the launch of a $253m fund, its largest yet, according to Philipp Rose.