The media tech investor closed a new $63.5m fund, with external investors joining GMG owner The Scott Trust for the first time.
Category: News
Amazon investment fund head departs
Prudencio launched and ran two investment funds at the e-commerce company.
June Deal Roundup: Inflection raises $1.3bn to build ‘personal’ AI
Inflection AI has amassed a staggering $1.3 billion. With this infusion of capital, its total funding soared past $1.5bn, placing the company’s valuation at $4bn.
Telus Ventures hires Warsha Dor to head Israel activity
Telus’s corporate VC subsidiary has appointed Ravit Warsha Dor partner and investment director, extending its presence in Israel.
Dowe moves to Angelini Ventures
Tanja Dowe has a more than 20-year career in the life sciences and biotechnology sectors.
Rao joins Nova by Saint-Gobain in India
Tejas Rao is the first India-based team member of the French construction materials company’s corporate venture unit.
The Big Deal: DePoly wants to solve the world’s plastic problem
Founder and CEO Samantha Anderson talks to us about how DePoly plans to expand its plastic recycling capabilities following a seed round co-led by BASF.
South Korean group launches $9m LX Ventures
The LG Group-launched holding group’s LX Ventures will invest in clean energy, industrial automation, green materials and chip technology.
New Zealand dairy company Fonterra targets microbiome investments
Fonterra launched an investment arm last month and its first deal, a $10m funding round US startup Pendulum, targets gut health.
JLR’s InMotion moves Fearn up to principal
Louis Fearn has been promoted to principal at JLR’s corporate venture arm after three years as a venture investor.
GoTo’s CVC unit unveils $240m Fund 2
Go-Ventures has been renamed Argor Capital, and its latest fund counts GoTo as well as other investors across the globe among its LPs.
Cox Enterprises launches new corporate venture fund
The newly formed Socium Ventures will invest up to $25m per deal, complementing the media, automotive and brodband group’s existing CVC activities.
Dropbox joins the AI rush with $50m fund
Dropbox Ventures will back artificial intelligence-focused startups and was unveiled alongside two AI features for the company’s cloud file storage service.
The Big Deal: Kobold uses AI to pinpoint mineral deposits
The AI-equipped mining company, which raised $195m this week, can help bridge a multitrillion-dollar supply gap for the rare earth metals used in batteries, according to Equinor Ventures’ Jeroen van der Hoek.