Funding
US-headquartered, technology-focused apprenticeship provider Multiverse has received $220m in series D funding from investors including internet technology group Alphabet’s GV unit. StepStone Group, Lightspeed Venture Partners and General Catalyst co-led the round, which also featured Founders Circle Capital, Audacious Ventures, Bond, D1 Capital Partners and Index Ventures. The round valued the company at $1.7bn and brought its overall funding to more than $400m.
Fund
Brazil-based mining group Vale has formed a $100m corporate venturing arm dubbed Vale Ventures in a bid to back sustainable technology developers. Venture capital-as-a-service provider Mach49 will help Vale manage the fund, and Mach49 partner Kevin Ye will serve as partner-in-residence. Ye already holds a similar role at Goodyear Ventures, TDK Ventures and Hypertherm Ventures, respective corporate venturing arms of tyre manufacturer Goodyear Tire and Rubber Company, electronics producer TDK Corporation and industrial equipment and software provider Hypertherm.
Other funding
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M&A
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