General Motors agreed to buy out SoftBank and invest a further $1.35bn in the autonomous vehicle developer, which it spun off four years ago.
Category: News
Nio Capital drives to $400m second vehicle
The venture firm co-founded by the eponymous EV maker, closed its latest fund with commitments from new and returning LPs including undisclosed insurance providers.
Stellantis launches venture unit with $331m
The car producer will invest in everything from autonomous driving to non-fungible tokens through the newly launched Stellantis Ventures.
Slack Fund slides in $100m third fund
Slack’s corporate venturing subsidiary, now under the Salesforce Ventures umbrella, is looking to lead more rounds after launching Fund III, which is twice the size of its predecessor.
SJSemi manufactures $300m series C round
Country Garden Venture Capital was among the investors in the Qualcomm-backed contract chip manufacturing service provider’s latest round, which took its total funding to $630m.
Daily Deal Round Up: March 18, 2022
Artificial intelligence technology developer Aibee raised cash from Xiaomi at a unicorn valuation while industrial technology provider Bluetron received $78.6m.
Samsung Catalyst Fund seeks strategic midpoint
Managing director Dede Goldschmidt spelled out the unit’s investment strategy along with its place in Samsung’s corporate VC activities and the state of the post-pandemic market.
Policygenius collects $125m in series E round
Axa Venture Partners and MassMutual Ventures returned for the insurance comparison marketplace’s latest round, which included Brighthouse Financial, Global Atlantic Financial, IA Financial, Lincoln Financial and Pacific Life.
Leapmotor looks to Hong Kong flotation possibilities
Dahua, Shanghai Electric and CRRC are set to exit the smart EV manufacturer, which is reportedly set to raise at least $1bn in the flotation.
Intel chips in for $175m SiFive round
Intel Capital was among the investors bringing the fabless semiconductor producer’s total funding to over $350m and its valuation above $2.5bn.
Luno launches investment arm to support crypto
Luno Expeditions has emerged from stealth and will target early-stage Web3 technology developers, investing from parent company Digital Currency Group’s balance sheet.
Triumvira steers series A up to $100m
Bayer’s impact investment arm returned for the round’s $45m second close, as Triumvera looks to progess its solid tumour therapeutic candidate.
M Ventures embraces technology demand
With a remit across healthcare, life sciences and advanced materials, Merck’s corporate venturing unit is scoping an opportunity-filled landscape.
Daily Deal Round Up: March 17, 2022
Radiopharmaceuticals developer Precirix completed an $88m series B round featuring Novo while corporate-backed kitchen technology provider Bear Robotics raised $81m.