Volvo Cars, Stena Fastigheter and Framtiden Group-backed Destination Invest will support startups in unfavourable areas of the Swedish city.
Category: News
TDK Ventures forms $150m energy transition fund
TDK’s corporate venture arm has recruited battery producer Amperex as a limited partner for the EX1 fund, which will target electrification and decarbonisation startups.
The Big Deal: Ensoma tops off a bumper week for pharma
Ensoma’s $135m series B was one of five big rounds for early-stage drug developers week despite a pharma sector that is becoming ever more selective.
Wellstar to expand beyond health with $100m startup fund
The hospital group plans to back more than 50 companies through Catalyst, with workplace, big data and customer experience software startups all in the frame.
SoftBank launches $150m fund for Black and Latino founders
With more money and a new name, SoftBank continues to back Black and Latino-owned startups.
Anauate heads innovation at Ambev
Thais Ricupero Anauate will lead investments in the evolving beverage sector at AB InBev’s Brazilian subsidiary.
Majmudar joins Ørsted investment arm
The former investment analyst at JetBlue Ventures is relocating from the US west coast to Copenhagen, Denmark, for his new role.
Saint-Gobain’s Apelian to retire
Basma Kharrat will take over the advanced materials maker’s corporate venture activities when VP of internal and external venturing Minas Apelian retires in September.
CM Venture Capital’s third fund gets $21.7m additional capital
The third fund – backed by Sabic, BAT, Heraeus and Petronas – is targeting $100m and the latest close included Tong An and Anqing High-Tech Zone.
The Big Deal: Paytm heads week of valuation bloodletting in India
SoftBank’s $120m sale of Paytm stock at a loss came in the same week as valuation cuts for Swiggy, Ola and Zomato as India’s once promising startup scene hits turbulence.
NGP invests $14m in cleantech startups
The investment division of UK utility National Grid announced two portfolio investments aimed at accelerating the clean energy transition.
Lenke takes charge at Atlassian Ventures
Peter Lenke has succeeded Matt Sonefeldt as head of the enterprise software provider’s corporate venture unit following more than six years running CVC and M&A activity at Twitter.
Braginskiy gets new position at Sabic Ventures
Stepan Braginskiy has been promoted to investment manager at Sabic’s strategic unit, having helped lead deals including ReVentas and BioWish.
Eli Lilly expands impact fund to $300m
The pharmaceutical company’s Social Impact Venture Capital Portfolio helps improve healthcare access for black and other minority groups in the US.