The debt finance deal gives FTX the chance to buy crypto management tool developer BlockFi for up to $240m – less than 10% of its last valuation – and the news should be making equity investors nervous.
Category: News
Bloomberg Beta budgets $150m for new funds
The Bloomberg-sponsored venture firm, which focuses on the future of work, has put $75m each into a fourth fund and an opportunity fund, and now has $375m under management.
Daily Deal Round Up: July 4, 2022
Astra Group took part in a $41m round for digital bank Yap while GV led artificial intelligence developer platform Modular AI’s $30m seed round.
Danusaputro leaves Mandiri Capital
The unit chief left one month after the head of venture funds’ own exit.
Cheng leaves Philips Ventures
The nine-year Philips veteran is joining Ascension Ventures as medtech and life sciences investment leader.
Taneja takes lead at OSF Ventures
The management change comes as OSF Ventures launches its third and biggest fund to date.
Devon Energy explores low-carbon tech through new venturing unit
Devon Energy Ventures manager Kyle Haustveit tells GCV the team recently closed a third fund investment, after the parent firm’s first two commitments to Altira Group Fund VI and VII. Devon Energy was the top performing stock on the S&P 500 in 2021.
Daily Deal Round Up: July 1, 2022
Three carmakers helped semiconductor producer CanSemi raise $670m while 574 Invest, RATP Group and Groupe Chopard backed a $167m round for vehicle charging network Electra.
Daily Deal Round Up: June 30, 2022
Chanel and Kraft Group were among the investors in Evolved By Nature’s $120m series C round, while Prosus led a $39m series B for Sharebite.
Japanese film studio seeks digitalisation know-how through venture unit
The cinema and kabuki studio’s Shochiku Ventures subsidiary will target virtual reality and entertainment digitalisation technology developers while its sister programme, Shochiku Accelerator, is accepting submissions until August 10.
TaskHuman trumps $20m series B round
Zoom Ventures and RingCentral Ventures invested in video coaching sessions provider TaskHuman’s $20m series B round.
Daily Deal Round Up: June 29, 2022
Siemens and Volkswagen provided $450m for the latter’s Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.
MassMutual Ventures adds $100m to invest in the US and Israel
Massachusetts Mutual Life’s corporate investment arm has more than doubled its available capital in just two years.
BlackBerry co-leads Compredict’s $5.8m series A
BlackBerry Ivy Innovation Fund put up capital to advance cost savings in vehicular maintenance.