The corporates backed a $38.6m series A round for Abolis through an agreement to develop sustainable cosmetics ingredients together.
Tag: Deals
Tencent bets on China’s growing healthcare needs
Around 11% of Tencent’s startup investments have been in the healthcare sector over the past five years as the internet company diversifies.
The Big Deal: Samsung joins carmakers in backing rare earth-free magnet startup Niron
There will not be enough rare earth metals to make the magnets industry needs in the next decade so the race is on to find alternatives.
The Big Deal: XGS continues wave of investment for geothermal startups
XGS is the third geothermal startup to raise cash this year, as the industry looks to overcome drilling costs and geography.
The Big Deal: Why Aira believes heat pumps can become a €150bn market
Statkraft has contributed to a series B round for Aira, which is tackling a heat pump market CEO Martin Lewerth believes can reach €150bn in size every year.
SoftBank divests fund for startups with black and Latin founders
Co-founder Marcelo Claure is returning to lead the newly independent Open Opportunity Fund with Paul Judge, while SoftBank invests in its $200m second fund.
What we learned from the 10 biggest CVC deals of 2023
It is no surprise to see genAI on this list, but semiconductors, EVs, green steel and batteries also featured heavily this year.
The Big Deal: Are diamonds the future of the supply chain?
CEO Ophir Gaathon tells us why Airbus and American Express have backed Dust Identity, and how diamond dust can track data on objects through the supply chain.
Corporates exit connected car company Cubic in billion-dollar SoftBank deal
Qualcomm and Volkswagen are among the companies that backed connected car technology provider Cubic Telecom at a $215m valuation that has been pushed past the $1bn mark.
The Big Deal: Blockchain.com finds warmth in the crypto winter
Access Industries, GV and Coinbase Ventures all took part in one of the year’s biggest Web3 funding rounds.
The Big Deal: Seurat paints the way to the future for 3D printing
Several corporate investors were involved in Seurat raising $99m, promising increased speed and precision for its metal printing technology along with a lower carbon footprint.
The Big Deal: Husk targets “half the planet” with its solar systems
Husk Power Systems has just raised $100m from investors including Shell to build 1,500 solar mini-grids in India and Nigeria in the next four to five years.
The Big Deal: EH2 becomes hydrogen tech’s first unicorn
Ten corporate investors were part of a $380m series C round this week, including Fortescue, United Airlines, Rio Tinto, Amazon, Microsoft and BP.
The Big Deal: Anthropic leads the return of billion-dollar rounds
The week saw two billion-dollar rounds for the first time since the 2021 boom, but Anthropic and Rox Motor typify the top of a market increasingly concentrated in two areas.