Indra, developer of a system that lets electric cars sell energy back to the grid, raised nearly $24m in a series B round led by return investor Gulf Oil International.
Category: Region
The Big Deal: Insolvent Britishvolt finds a buyer
Recharge Industries may be purchasing prospective battery producer Britishvolt out of insolvency but its collapse highlights the risk corporates face backing infrastructure-heavy startups.
CapitalG gets Sturdy leader
CapitalG is promoting Laela Sturdy to managing partner to replace David Lawee, who is leaving after a decade backing companies such as Airbnb, Stripe and Snap.
US-China tensions spark venturing rethink
Souring trade relations between the US and China are forcing global corporations to shift their investment focus.
HTGF harnesses 45 corporates to close $524m fund
Seed-stage investor High-Tech Gründerfonds secured backing from a range of German corporates for its fourth fund, taking its total capital under management past €1.3bn.
TDK Ventures unveils India hub
Siddharth Mehta and Varadharajan Ranganathan will help TDK’s CVC arm invest in cleantech, EV and industry 5.0 startups based in the country.
The Big Deal: Web3 stays strong at seed stage as Kratos raises $20m
Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.
CVS Health ups its investment firepower as it moves into primary care
Managing partner Vijay Patel tells us why CVS Health Ventures has launched a growth fund as its parent makes a big primary care play.
United Airlines launches $100m sustainable fuel venture fund with external LPs
Air Canada, Boeing, GE Aerospace, JPMorgan Chase and Honeywell are joining as limited partners to help decarbonise a notoriously hard-to-abate industry.
The Big Deal: Curie.Bio brings coaching to early-stage biotech
GV helped head up a 35-strong investor network backing Curie, which has raised $520m to bring CVC-like strategic help to its seed-stage drug developer portfolio.
Assa Abloy backs smart locker-focused fund Locker One
Locker One Ventures is targeting products that can integrate with corporate backer Assa Abloy’s public locker network.
Maersk: startups are key to solving the supply chain crisis
Maersk is transforming from a shipping line to a tech-powered logistics company and Shereen El Zarkani, head of Maersk Growth, how startups will play a part.
Databricks: how to follow the “enterprise software CVC playbook”
The CVC newcomer is following an investment blueprint set by Intel and Salesforce. Start small, avoid friction, cover a lot of ground.
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.