Gene-sequencing technology producer Axbio raised nearly $100m in a round co-led by AstraZeneca-CICC Investment Fund while Eli Lilly helped Forbion Growth Opportunities Fund II to a $504m first close.
Category: News
Stanley Ventures heads outdoors
Stanley Black & Decker’s investment arm is shifting focus as its parent prepares to divest its healthcare and security assets in favour of a newly created outdoor products business, according to president Dina Routhier.
Yamaha Motor targets sustainability with $100m fund
The motorised product manufacturer will invest in environmental technology developers through its newly formed Sustainability Fund.
JLR: “We want people to think of a car like a Hermes bag”
The carmaker is exploring a “car for life” that gets upgraded as your needs change and other ideas at a new innovation centre it has set up at Warwick University.
Daily Deal Round Up: June 20, 2022
Cancer biopsy developer Elypta raised $21m in a round led by Bonnier Ventures while Evli Bank led cryptocurrency arbitrage platform Mosdex’s $20m series A.
Man departs from Ant
Kenny Man has departed from Ant after seven years overseeing the financial services group’s international investments to form a fintech fund.
Immutable mints $500m investment vehicle
Animoca Brands and GameStop are among the partners for the NFT technology provider’s entry into corporate venturing.
Daily Deal Round Up: June 17, 2022
Google and Times Group helped boost ShareChat’s latest round to $520m while Animoca Brands has acquired a majority stake in portfolio company TinyTap for $38.9m.
UiPath launches AI tech fund
The first investment by the RPA technology producer’s new CVC unit is in a $51.5m round valuing workplace automation software developer AirSlate above $1.2bn.
Daily Deal Round Up: June 16, 2022
Educational Testing Service was part of a $225m round for digital higher education provider UpGrad while SoftBank helped recruitment software provider Fountain extend its series C to $185m.
Daily Deal Round Up: June 15, 2022
GV took part in food delivery service Wonder Group’s $350m series B round while two Hanwha subsidiaries contributed to a $145m round for eVTOL aircraft developer Overair.
Deeptech Labs unveils six for spring cohort
The Arm-backed accelerator picked six companies for its largest cohort yet, focusing on hardware, manufacturing and knowledge.
CJ International creates Hiven fund
The joint vehicle between CJ Group’s grain trading subsidiary and KK Fund will back Southeast Asia-based food, agriculture and biotech startups.
Daily Deal Round Up: June 14, 2022
Qualcomm bought portfolio company Cellwize for $350m while Northrop Grumman took part in a $135m round for radar technology producer Echodyne.