Alphabet’s GV subsidiary has hired KJ Sidberry, and he will focus on early-stage consumer technology companies.
Category: News
Deal Roundup: SoftBank spinoff Upload seeks $250m for fund
TIM is supplying $50m for SoftBank spinofft Upload Ventures’ $250m debut fund while UPMC chipped into Noema’s $112m series B round.
Deal Roundup: Xiaomi and Kingsoft form $1.4bn chip fund
Kingsoft and Xiaomi are partnering on a $1.4bn semiconductor technology fund while Chiliz launched a $50m Web3 and entertainment incubator.
Deal Roundup: Shef cooks up $73.5m in series B funding
American Express took part in food marketplace Shef’s $73.5m series B round while Musahi Seimitsu-backed battery developer Sakuu agreed a $705m reverse merger.
The Big Deal: Insolvent Britishvolt finds a buyer
Recharge Industries may be purchasing prospective battery producer Britishvolt out of insolvency but its collapse highlights the risk corporates face backing infrastructure-heavy startups.
CapitalG gets Sturdy leader
CapitalG is promoting Laela Sturdy to managing partner to replace David Lawee, who is leaving after a decade backing companies such as Airbnb, Stripe and Snap.
Deal Roundup: NoBroker lifts series E to $215m
Alphabet’s India Digitization Fund helped boost NoBroker’s series E round to $215m while its’s GV unit led Chroma Medicine’s $135m series B.
Tveteraas promoted at NuFrontiers
After three years as an investment director at Nutreco’s CVC arm, Erik Tveteraas has taken up a director of venturing role.
Deal Roundup: Comcast SportsTech invests in 10 startups
Comcast’s SportsTech accelerator backed 10 sports technology developers while Modern Energy was part of a $90m round for Industrial Sun.
Godorr to lead Sasol Ventures
After nearly three decades at Sasol, Sven Godorr has joined its newly formed CVC arm, Sasol Ventures, as the venture capital technology lead.
Deal Roundup: Skydio shines with $230m series E
Siemens, Docomo and Nvidia chipped into Skydio’s $230m series E round while Yuexiu and Xiamen C&D helped lift Immorna’s series A to $115m.
Christina Cameron joins Ørsted ventures team
The former manager of corporate strategy at US energy company Constellation joined the Danish renewable energy company this month.
HTGF harnesses 45 corporates to close $524m fund
Seed-stage investor High-Tech Gründerfonds secured backing from a range of German corporates for its fourth fund, taking its total capital under management past €1.3bn.
Heo advances at Hyundai Cradle
Keunhaeng Heo has accepted a new position at Hyundai Cradle, where he will serve as the corporate venture arm’s senior investment manager.