Multiple finance-focused corporates helped supply $200m for Illuminate Financial’s third fund while Reebelo’s Naver-backed series A round now stands at $50m.
Category: News
Hu moves to BI Venture Fund investment director role
Mia Hu, formerly investment associate at Boehringer Ingelheim Venture Fund, has been named investment director at the unit.
Video: ‘It is time to step up and help portfolio companies’
Corporate investors can help portfolio companies with exposure to the failed Silicon Valley Bank by providing liquidity and legal advice, an investor says.
Deal Roundup: Barclays backs Zedify funding package
Zero-emission courier service Zedify secured over $6m while Naspers closed its $100m Naspers Foundry fund.
Spector spells out 1835i departure
Former CEO Ron Spector has been succeeded by Justin Greenstein, who was chief finance and operating officer.
Deal Roundup: Walmart adds $200m for PhonePe
Walmart invested another $200m in PhonePe while Polygon, Ripple and GSR are among the LPs in Blockchain Founders Fund’s $75m second vehicle.
The Big Deal: Viridos tries to crack algae biofuel
Andrew Chang, MD of United Airlines’ venture unit, tells us sustainable jet fuels like that of portfolio company Viridos are a strategic priority, but how viable will they be long term?
Deal Roundup: Clever Care clears $41m series C round
Alphabet led Clever Care Health Plan’s $41m series C while Heritage Group and Prologis participated in SolarCycle’s $30m series A round.
IMI Critical hires Placidi to run venture studio
The flow control technology provider has recruited Marco Placidi to head its open innovation arm following a stint in corporate venturing for Halma.
Comcast targets generative AI with theme-based accelerator
Comcast NBCUniversal Lift Labs is following a theme-based strategy in 2023 with generative artificial intelligence first on the agenda.
Deal Roundup: G42 gets $100m ByteDance stake
G42 acquired shares from existing backers including SoftBank and SIG valuing ByteDance at $220bn while Novartis co-led Mediar’s $85m series A round.
Ortgiese treks to Trumpf Venture
Trumpf’s corporate VC subsidiary has hired Jens Ortgiese, a former venturing director at Stihl Group, as principal.
Career paths into CVC are changing
Corporate investors increasingly come from an entrepreneurship background or have deep operational expertise in their sector.
Deal Roundup: WeRide files for $500m US listing
Several corporates are in line to exit WeRide through an IPO that could raise $500m, while CNH Industrial bought portfolio company Augmenta for $110m.