Fund
Vesey Ventures, an Israel-based financial technology-focused venture capital firm founded by three former managing directors of Amex Ventures, the corporate venturing arm of payment services firm American Express, raised $78m for its first fund. The firm’s founding partners, Dana Eli-Lorch, Lindsay Fitzgerald and Julia Huang, were all managing directors at Amex Ventures for more than six years.
Funding
Alexa Fund, Munich Re Ventures and Qualcomm Ventures, part of ecommerce firm Amazon, reinsurer Munich Re and mobile chipmaker Qualcomm respectively, took part in US-based residential electrification technology developer Span’s $96m series B2 round. Wellington Management led the round, which included Congruent Ventures, Capricorn Investment Group, Fifth Wall and A/O PropTech, taking the total raised in Span’s series B to about $186m and its overall funding to $231m.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| KoRo | Direct-to-consumer sustainable food producer | Consumer | Germany | B | 82.7 (updated) | 20/04/2023 | ProSiebenSat.1 (SevenVentures) Associated British Foods; Haub Legacy, HV Capital, Five Seasons Ventures, Partech |
| AaltoSemi | Packaging substrate product manufacturer | IT | China | A | 72.5 | 24/04/2023 | Legend Holdings (Legend Capital)/SK Group (SL Capital); CTC Capital (lead), Lanhor Capital, Teda Venture Capital, Nanjing Jiangbei New Area Development Fund, Xingrui Capital, KQ Capital, Summitview Capital, Gaorong Capital |
| Cranfield Aerospace Solutions | Sustainable aircraft manufacturer | Transport | UK | N/A | 12.4 | 21/04/2023 | Cranfield Aerospace Solutions/HydrogenOne/Safran (Safran Corporate Ventures)/Strategic Development Fund (HydrogenOneCapital Growth) (lead) |
| Sero | Home decarbonisation technology developer | Energy and Natural Resources | US | B | 7.4 | 20/04/2023 | Legal & General (Legal & General Capital); Hodge Bank |
| FiVerity | Financial fraud detection platform | Financial | US | Seed | 4 | 20/04/2023 | Grasshopper Bank; Mendon Venture Partners (lead), FinCapital, Mendoza Ventures, Service Provider Capital |
| Nosh Biofoods | Fungi biomass-based meat substitute developer | Consumer | Germany | Seed | 3.5 | 21/04/2023 | Cereal Docks Group (Grey Silo Ventures); Earlybird Venture Capital (lead), Clear Current Capital, Good Seed Ventures |
| Betterdata | Privacy-compliant synthetic data platform | IT | Singapore | Seed | 1.5 | 21/04/2023 | Bon Auxilium; Investible (lead), Franklin Templeton, Singapore University (Singapore University of Technology and Design), Tenity, Plug and Play, Entrepreneur First, Xcel Next Ventures |
| Switchboard | Hybrid workplace software provider | Services | US | N/A | N/A | 19/04/2023 | HubSpot |
| Nalo | Investment management platform | Financial | France | N/A | N/A | 21/04/2023 | Groupe Apicil |
| Cosmose AI | Offline and online sales intergration platform | Consumer | Singapore | N/A | N/A | 24/04/2023 | Near Protocol (Near Foundation) |
| Fundinno | Online crowdfunding platform | Financial | Japan | N/A | N/A | 24/04/2023 | Intloop |
| Fany Studio | Video content and live performance studio | Media | Japan | N/A | N/A | 24/04/2023 | NTT Docomo |
