Magic Eden‘s CVC arm backed 11 startups while Mitsubishi Electric, Mitsubishi and FEL took part in Astroscale’s $76m series G round.
Category: News
TDK Ventures unveils India hub
Siddharth Mehta and Varadharajan Ranganathan will help TDK’s CVC arm invest in cleantech, EV and industry 5.0 startups based in the country.
Garratt joins US Venture Partners
GCV Rising Star and former Salesforce Ventures managing partner Matthew Garratt has joined US Venture Partners as a general partner.
Deal Roundup: FreshToHome hosts $104m series D
Amazon Smbhav Venture Fund led FreshToHome’s $104m series D round while CarTrade and BRB Banco de Brasília both launched venture funds.
The Big Deal: Web3 stays strong at seed stage as Kratos raises $20m
Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.
Willinger departs from Coinbase Ventures
GCV Rising Star Steven Willinger has left the crypto platform’s CVC unit, where he helped lead venture deals.
Persson progresses at Scania Growth Capital
After a year and a half at Scania’s CVC unit, Jessica Persson has taken up the head of venture capital and M&A role.
Deal Roundup: PCG Power generates nearly $73m in series A round
Jielong Industry Group and Nio took part in the first close of PCG Power’s $72.7m series A round while NAB led Datamesh’s $30m series A.
Deal Roundup: Carmoola drives through $125m series A round
Jaguar Land Rover was part of a $125m equity and debt round for Carmoola while GV exited Soylent in a Starco Brands acquisition.
CVS Health ups its investment firepower as it moves into primary care
Managing partner Vijay Patel tells us why CVS Health Ventures has launched a growth fund as its parent makes a big primary care play.
Deal Roundup: Hemab lets in $135m
Access Biotechnology led Hemab Therapeutics’ $135m series B round while South Africa’s Sasol launched a $53m CVC partnership with Emerald Technology Ventures.
United Airlines launches $100m sustainable fuel venture fund with external LPs
Air Canada, Boeing, GE Aerospace, JPMorgan Chase and Honeywell are joining as limited partners to help decarbonise a notoriously hard-to-abate industry.
Deal Roundup: Penn buys Barstool in $388m deal
Penn Entertainment bought the rest of digital sports media platform Barstool while Overstock helped agricultural payment technology provider GrainChain raise $29m.
Steager says goodbye to Touchdown Ventures
CVC veteran Eric Steager has left Touchdown Ventures and joined Purdue University subsidiary Purdue Ventures as managing director.