Fund
Globis Capital Partners, the corporate venturing arm of Japanese education services provider Globis, reached a $543m final close for its seventh fund, which is targeting domestic companies looking to disrupt traditional industries and expand outside Japan. The unit has also launched an office in San Francisco to help portfolio companies increase their presence in the United States.
Funding
US-based RNA medicine developer Orbital Therapeutics raised $270m in series A funding from investors including health insurer Heritage Medical Systems, diversified holding group Exor and Alexandria Venture Investments, part of life sciences property investment trust Alexandria Real Estate Equities. The round was led by Arch Venture Partners and also backed by Andreessen Horowitz’s Bio + Health unit, Newpath Partners, Abu Dhabi Growth Fund, Redmile Group, Invus, Moore Strategic Ventures, iGlobe Platinum Fund Group, Casdin Capital, Agent Capital, Rellim Capital Management and undisclosed others.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Servify | Aftersale smartphone services provider | Consumer | India | D | 70.7 (updated) | 27/04/2023 | Crescent Enterprises (Crescent Enterprises Venture Capital), AmTrust; Singularity Asset Management (Singularity Growth Opportunity Fund) (lead), Pidilite, Iron Pillar, Blume Ventures, Beenext, DMI Finance (DMI Sparkle Fund) (equity); Trifecta Venture (debt) |
| Clara | Enterprise spend management platform | Financial | Mexico | B | 60 (updated) | 26/04/2023 | Citi (Citi Ventures); GGV Capital (lead), Coatue, Goldman Sachs, Accial Capital, Acrew Capital, Citius, Commerce Ventures, Ethos VC, Goanna Capital, Bayhouse Capital, Fluent Ventures, Picus Capital, DST Global, Endeavor (Endeavor Catalyst), Alter Global |
| Energy Dome | Long-duration battery developer | Energy and Natural Resources | Italy | B | 44 | 27/04/2023 | Eni (Eni Next) (lead); Invitalia (Evolution Fund), Novum Capital Partners, 360 Capital, Japan Energy Fund, Elemental Excelerator, Intesa Sanpaolo (Neva SGR), Barclays (Sustainable Impact Capital), CDP Group (CDP Venture Capital) |
| TEG | Esports entertainment platform | Media | Japan | A | 27.6 | 27/04/2023 | Imagica Group, Seif, Japan Tobacco, Property Agent, Maruichi Knit, Media Create Communications, Robot Home; GCI Ventures |
| Hydrosat | Agricultural satellite data provider | IT | US | A | 20 | 25/04/2023 | Statkraft Group (Statkraft Ventures) (lead); Blue Bear Capital, Hartree Partners, OTB Ventures, Freeflow Ventures, Cultivation Capital, Techstars, Santa Barbara Venture Partners, Expon Capital, Hemisphere Ventures |
| Axoni | Provider of blockchain infrastructure automation software | IT | US | N/A | 20 | 26/04/2023 | Citi, CME Group (CME Ventures), Deutsche Bank, HSBC, Intel (Intel Capital), JP Morgan, LSEG, UBS, Wells Fargo; The Environmental Justice Foundation (EJF Ventures) (lead), Laurion Capital Management, Communitas Capital, Andreessen Horowitz, Coatue, DCG, DCVC, FinTech Collective, Fidelity (F-Prime), Franklin Templeton, Goldman Sachs, Nyca Partners, Y Combinator |
| Relay | Frontline team-focused cloud platform | IT | US | A | 13 | 26/04/2023 | Wind River (Wind River Ventures); Sovereign’s Capital |
| Arado (formerly Clicampo) | Online fresh produce marketplace | Consumer | Brazil | A | 12 | 25/04/2023 | Grupo Globo (Globo Ventures), Syngenta (Syngenta Group Ventures); Acre Venture Partners (lead), Maya Capital, Valor Capital, SP Ventures |
| Niro | Embedding lending software provider | Financial | India | A | 11 | 26/04/2023 | GMO Internet Group (GMO VenturePartners), Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital); Elevar Equity, Rebright Partners |
| Radiant Biotherapeutics | Antibody therapeutics developer | Healthcare | Canada | Seed | 8 | 25/04/2023 | Alexandria Real Estate Equities (Alexandria Venture Investments); Amplitude Ventures (lead), Toronto Innovation Acceleration Partners, Facit, SickKids Foundation |
| Hakimo | Provider of security camera analytics software | Services | US | A | 6 | 25/04/2023 | Carrier Global Corporation (Carrier Ventures); Rocketship.vc (lead), Neotribe Ventures, Defy.vc, Firebolt Ventures, John Moss |
| Hana Kuma | Narrative media production studio | Media | US | N/A | 5 | 20/04/2023 | The SpringHill Company (lead), Epic Games, Fenway Sports Group, Kinoshita Group; Disruptive |
| Cata Labs | Developer of cross-chain liquidity layer for blockchains | IT | US | Seed | 4.2 | 26/04/2023 | Wanxiang (HashKey Capital), Circle (Circle Ventures); Spartan Group (lead), Robot Ventures, Maven11, Alchemy Ventures, Superscrypt |
| Explico | AI-equipped educational assessment platform | Services | Singapore | Pre-A | 1.4 | 26/04/2023 | Mavis Tutorial Centre, Singapore Asia Publishers; Astonic Ventures Singapore |
| Nkure | Natural killer cell therapy developer | Healthcare | India | Pre-A | N/A | 26/04/2023 | Featherlite; Endiya Partners, Kotak Mahindra Group (Kotak Investment Advisors) |
| OpenStreet | Operator of electric bicycle-sharing service Hello Cycling | Transport | Japan | N/A | N/A | 27/04/2023 | Itochu (Itochu Enex) |
