The CVC unit’s $266m fund will focus on insurtech and fintech startups, having backed three VC funds: Mundi Ventures, Speedinvest and Dawn.
Category: News
The Big Deal: Seurat paints the way to the future for 3D printing
Several corporate investors were involved in Seurat raising $99m, promising increased speed and precision for its metal printing technology along with a lower carbon footprint.
Ex-M12 employee launches $350m biotech fund
Venture capital firm Bioluminescence Ventures emerges from stealth with two funds supported by institutional investors.
Snowflake launches $100m software startup fund
The data and cloud-based services provider will invest in startups developing software based on its own apps.
Grupo Bimbo joins Kamay Ventures
Kamay Ventures already handles startup investments for Coca-Cola and Arcor in Latin America and has added the Mexican bakery group to its LPs.
Nikon and SBI Group launch $33m investment fund
The Japanese corporations have collaborated to launch the Nikon-SBI Innovation Fund II.
Solibieda departs BASF Venture Capital
Solibieda will be responsible for large private equity investments in Saudi Arabia’s chemical and metal sectors.
Hitachi Ventures hires Graf
Tobias Graf has announced his move to Hitachi Ventures after spending several months at venture capital firm Yttrium
WeBuy Global IPOs and Payzer is acquired: October Roundup
WeBuy Global and J&T Global Express announce IPOs, Payzer is acquired and news funds launched.
The Big Deal: Husk targets “half the planet” with its solar systems
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.
Mandiri to launch Global Climate Tech Fund
Over a third of Mandiri Capital Indonesia’s Global Climate Tech Fund’s capital will go to local climatetech developers.
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.
Walmart tests virtual commerce with new web3 accelerator
The 12-week programme will start with five startups focused on decentralised commerce, marketing, advertising, payment and the metaverse.
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.