Phlux Technology has raised $4.9m from investors including Foresight Williams Technology Funds as it looks to become the Nvidia of the sensor market.
Category: News
Daily Deal Round Up: December 6, 2022
Several corporates took part in SonoThera’s $60.8m series A round while NEC closed its Orchestrating Future Fund at $140m.
Munoz leaves Hearst Ventures for parent’s ecommerce business
After nearly three years at Hearst Ventures, Munoz will focus on M&A and strategic investment opportunities in ecommerce.
Daily Deal Round Up: December 5, 2022
Qualcomm Ventures led a $100m round for Frore while MUFG Bank and Motilal Oswal Group participated in KreditBee’s $80m series D.
Fornoff flies from Evonik Ventures to Rentenbank
Lucas Fornoff, formerly an investment manager at Evonik Venture Capital, will manage venture investments at Rentenbank.
Samsung Catalyst Fund signs up Rotenberg
Gil Rotenberg has joined the Samsung unit as an investment principal following three years of early-stage investing at Clal Financial Management.
The Big Deal: Locus rides warehouse robotics wave
Funding for warehouse robotics companies has doubled year on year to $1bn in 2022, with Locus Robotics’ Siemens-backed series F the latest nine-figure round.
Daily Deal Round Up: December 2, 2022
Ripple led a $72m series B round for crypto market maker Keyrock while liver disease drug developer iEcure raised $65m in a round co-led by Novo.
Mida moves forward in ITT Motion Technologies
ITT Motion Technologies has promoted Corrado Mida to executive director of corporate development, M&A and corporate venture.
TDK Ventures promotes Anil Achyuta
Anil Achyuta, who formerly headed energy and health investing at TDK Ventures, will focus on bringing VC-like financial discipline to investments.
Grid operator Terna plugs into CVC
Terna Forward has been allocated over $50m and will look to invest in external companies as well as spinning off innovative technology through an incubator model.
Daily Deal Round Up: November 30, 2022
Wuxi SAIC Jinshi Innovation Industry Fund led SemiDrive’s $139m series B+ round while Next47 participated in Locus Robotics’ $117m series F.
Scania announces new $190m fund
The new fund will invest in software, mobility services and sustainability.
Daily Deal Round Up: November 29, 2022
Lockheed Martin-backed Tempo Automation sealed its reverse merger while Strand Therapeutics upped a round featuring Eli Lilly and Beigene to $97m.