Sumitomo Mitsui Banking Corporation’s $200m SMBC Asia Rising Fund will back fintech companies in Southeast Asia and India.
Category: News
Meta’s venture fund leader departs
Sunita Parasuraman’s departure from Meta’s New Product Experimentation Group follows mass layoffs at the corporate.
Deal Roundup: Quest to buy Haystack in $450m deal
Quest agreed to acquire cancer diagnostics startup Haystack Oncology while GV took part in oncology drug developer Antiva’s $53m series E round.
The Big Deal: Avalanche looks to bring nuclear fusion to space
Avalanche Energy CEO Robin Langtry tells us why Toyota and Autodesk are investing in a nuclear fusion startup, and why its reactors are going to be used to power satellites.
Deal Roundup: Globis Capital Partners gathers $543m for Fund VII
Education provider Globis closed its seventh VC fund at $543m while Heritage Medical Systems, Exor and Alexandria participated in RNA drug developer Orbital’s $270m series A round.
Deal Roundup: Corporates help Vedanta close nine-figure round
Axa IM Alts co-led a $106.5m round for bacterial therapeutics startup Vedanta while Bloomberg Beta participated in generative AI developer Replit’s $97.4m series B.
Andersen becomes head of New Growth & Ventures at H&M Group
Former H&M Group Ventures head Nanna Andersen has moved up to take on the role of head of New Growth & Ventures at H&M Group.
Deal Roundup: Super.com soars to $85m series C round
Telstra Ventures helped savings app developer Super raise $85m while ING Ventures was part of database software producer Weaviate’s $50m series B.
Andreoletti promoted to CEO of Eni Next
Clara Andreoletti has taken up US-based president and CEO roles for the corporate venturing unit of Eni.
Deal Roundup: Span boosts series B round to $186m
Amazon, Munich Re and Qualcomm backed the second tranche of Span’s latest round, while Associated British Foods helped lift KoRo’s series B to $82.7m.
Deal Roundup: CoreWeave builds $221m series B round
Nvidia was part of cloud infrastructure provider CoreWeave’s series B round while Dell chipped into cybersecurity startup Halcyon’s $50m series A.
The Big Deal: Mansa and Rock the Bells leverage a more diverse media landscape
Black-focused online streamer Mansa and hip hop content platform Rock the Bells both closed corporate-backed rounds this week, part of the changing face of new media.
Deal Roundup: Noah Medical inhales $150m
SoftBank and Saudi Aramco co-led Noah Medical’s $150m series B round while Domain Therapeutics and AbCellera took part in a $142m series A for Abdera.
Griffis moves up at ADM Ventures
The corporate VC arm invests in startups working at the intersection of food, agriculture, health and sustainability.