The petroleum producer’s $500m venture fund wants to back startups that can help Saudi Arabia become an artificial intelligence tech hub in the Middle East.
Tag: Fundraising
Crypto VC Gate Ventures and blockchain firm Movement Labs form $20m fund
The initiative, also backed by Thai family office VC Boon Ventures, will target blockchain projects specialised in Move, the programming language by Movement Labs.
Brazilian university operator Grupo Integrado launches CVC
Formed in partnership with accelerator Founders Club, the CVC announced its first investment in embedded finance platform Baasic.
Pangaea Ventures on the hunt for Asian deeptech with new $85m fund
The Canadian venture firm is opening an office in Asia as Asian corporations flock to invest in its fifth fund and largest fund.
Japanese ketchup maker Kagome launches $50m CVC fund
Formed in association with US venture firm SVG Ventures, the Sunrise Fund will back early-stage agritech startups.
Salesforce Ventures doubles AI commitment to $1bn with new fund
The CVC unit has formed a second $500m fund, having invested in two dozen artificial intelligence startups, including Anthropic, Mistral and Cohere, in the past 18 months.
Insurance companies back PruVen Capital’s new $379m fund
PruVen Capital’s first fund had one corporate backer. Its second sees contribution from multiple insurance companies.
Illumina Ventures seeks $300m for third fund
SEC filings show the CVC wants to raise its third nine-figure fund to back biotech startups.
Chinese vacuum cleaner maker Dreame launches $1.5bn CVC
The Chinese unicorn, last valued at $2.8bn, will back AI and robotics startups through two funds under the newly formed Empyrean Venture.
Thai bank Krungsri’s CVC launches $38m private equity trust
Finno Efra will invest in Thai and Southeast Asian seed to pre-series A tech startups, supplying up to $1.2m per deal.
“There is a surge of activity” – why media for equity is on the rise
Media for equity is on the rise and Uber, Airbnb and Pinterest have all used it, but what kind of startup and what kind of media company is it right for?
Investment heatwave in July: CVC rounds went up across geographies and sectors
The US stood out as July continued a strong summer for corporate venture activity on the back of AI penetrating more industries, according to GCV data.
OKX CVC and Aptos launch a $10m web3 and crypto fund
The CVC arm of crypto exchange OKX has partnered with Aptos to launch a new fund targeting web3 and cryptocurrency projects.
Hiroshima Bank launches $14m regional economy fund
In partnership with VC firm Hiroshima Venture Capital, the Hirogin Innovation Fund will target regional economy revitalisation startups.