Sanofi Ventures took part in Escient Pharmaceuticals’ $120m series C round while Castrol India provided $60m for Ki Mobility Solutions.
Category: News
Lystimäki to take the reins at Schibsted Ventures
The media and e-commerce group has chosen Jussi Lystimäki to replace Dan Ouchterlony as head of its venture arm, which is set to move closer to its core business.
Most CVC investors reserve more than 30% of fund for follow-ons
Startups are always anxious to know if their investors can provide follow-on funding. The good news is, corporate investors a putting aside good reserves for this.
Burns to exit Equinor Ventures
Gareth Burns is departing from energy company Equinor’s corporate venture subsididary, which he heads as vice-president.
Sawhney swaps Toyota for InMotion Ventures
The hiring comes after InMotion’s recent hiring of Mike Smeed, as managing director to further innovative the autonomous car and shared mobility sector
The Big Deal: LaundryGo sets pace in the cleaning services sector
SoftBank helped the on-demand laundry service push its valuation past $250m, a rare occurrence in a sector that’s so far failed to catch fire.
Daily Deal Round Up: November 25, 2022
BBVA was among the investors providing over $36m for digital bank Atom while LiDAR system developer Scantinel received more than $10m in a Zeiss-backed round.
HSBC’s Zhou moves out of corporate venturing
After two years heading up HSBC’s early-stage investments, Catherine Zhou is moving to a CIO position focusing on wealth and private banking.
Daily Deal Round Up: November 24, 2022
G42 helped process automation technology provider The Applied AI Company raise $42m while Fox Cold Chain received $27.9m from investors including Mitsubishi.
Shiseido’s new China fund has $140m to spend
Shiseido China launched a new fund in August that will help it expand into areas like men’s skincare and medical cosmetology.
Hydrogen and biomethane will have a big part in the energy transition, says Engie
The energy sector hasn’t had a technology breakthrough for a decade. But Engie New Ventures’ Johann Boukhors is excited about the potential for green hydrogen and methane.
Daily Deal Round Up: November 23, 2022
SoftBank Vision Fund 2 led virtual power plant developer Swell Energy’s $120m series B round while Kirin led a $70m round for craft beer brand Bira91.
Daily Deal Round Up: November 22, 2022
ABB’s electric vehicle charging offshoot raised over $200m while GV helped pecision therapeutics developer FogPharma pull in $178m.
Jalan makes the jump from SoftBank
SoftBank Group International partner Saurabh Jalan has become the latest high-profile name to leave as the company looks to restructure its CVC activities.