Kingdom Holding co-led Nana’s $133m series C round while Panasonic exited Geo Semiconductor in a $180m acquisition and corporate-backed Hesai raised $190m in its IPO.
Category: News
The Big Deal: Penske’s Vox Media deal highlights digital media’s decline
Penske Media’s $100m investment in Vox Media halved its valuation, as the digital media sector continues to consolidate while its companies struggle against prevailing trends.
Cindi Bough moves to OGCI Climate Investments
Bough will focus on technologies that capture, store and use carbon emissions.
Deal Roundup: Tian Yu energises itself with $177m
Guangdong Jia Yuan took part in a $177m round for Tian Yu Semiconductor Energy while Schrodinger, WuXi AppTec and Eli Lilly exited Structure Therapeutics in a $161m IPO.
Workday doubles size of venture fund to $500m
The finance and HR software provider added $250m to its Workday Ventures unit as it looks to harness new technologies like generative AI.
Deal Roundup: Vox veers to $100m round
Penske Media paid $100m for a 20% stake in Vox Media while Tencent and Hachshara Insurance took part in a $62m round for One Zero.
Deal Roundup: SolarSpace secures $443m
Sinochem contributed to a total of $443m series B and pre-IPO funding for SolarSpace while Pernod Ricard took part in a $110m round for Fever.
SEB Alliance co-founder Meyer moves to venture capital fund
More than a decade after leading SEB Alliance for appliance maker Groupe SEB, François-Xavier Meyer has become VC fund Sierra Venture Capital’s latest partner.
Cars are still a fashion industry says General Motors’ CTO
New materials and integrating car and driver a part of the US automaker’s innovation vision – as is taking bets on young startups, says Kent Helfrich.
Deal roundup: Anthropic arrives at $300m
Google invested $300m in AI technology developer Anthropic while robotics unicorn UBTech filed for a Hong Kong IPO.
Deal roundup: Enzene Biosciences gets $50m
Alkem participated in a $50m round for its Enzene spinoff while Schlumberger took part in The Exploration Company’s $43.6m series A.
The Big Deal: Risilience rides the ESG wave
The environmental analytics provider’s National Grid-backed series B round shows the interest around startups who can use data to help corporates fulfil their environmental data requirements.
Deal roundup: Raylo picks up $136m
Telefónica participated in a $136m round for Raylo while Novartis helped Alto Neuroscience hike its series B to $60m.
Tenable Ventures says its precision cybersecurity focus gives it the edge
Tenable Ventures can offer risk prevention know-how you can’t get from big IT corporates or specialist venture firms, it tells Global Venturing.