Daily Deal Round Up: August 16, 2022

M&A

Diversified holding company Kadi Group has exited United Arab Emirates-based online second-hand goods marketplace Melltoo in an acquisition of undisclosed size by reverse logistics provider Cartlow. Kadi subsisidary Khwarizmi Ventures was among Melltoo’s investors, as was Raed Ventures, the venture capital arm of investment holding company Almajdouie.

Digital investment manager Galaxy Digital has withdrawn from the $1.2bn acquisition of US-headquartered cryptocurrency wallet developer BitGo originally agreed in May 2021. The terms of the cash-and-stock deal, which would have allowed Bitcoin mining technology provider BitFury to exit, were renegotiated in April, but Galaxy said it cancelled the transaction after BitGo failed to provide audited financial statements.

Company name	Company description	Sector	Country	Round	Round size ($)	Deal date	Investors
TerraPower	Nuclear energy technology developer	Energy and Natural Resources	US	N/A	750	15/08/2022	SK Group (SK Inc) (co-lead), SK Group (SK Innovation) (co-lead); Bill Gates (co-lead), undisclosed others
Xiangdao Chuxin	Ride-hailing service	Transport	China	N/A	148	16/08/2022	SAIC Motor (co-lead), Momenta (co-lead), Gaohang (Tianjin) Management Consulting (co-lead)
Dianxiaomi	Ecommerce… Subscribe to go deeper GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors. See the subscription options. Already a subscriber? Please login Not sure if you have a subscription? Contact us to check Roshini Bains Roshini Bains is the junior news reporter for Global Corporate Venturing and Global University Venturing. email Linked in LEADERSHIP SOCIETY Informing, connecting, and transforming the global corporate venture capital ecosystem. The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns. Find out more Featured Content FUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database. FUNDING ROUND DATA Which corporates are backing which startups? Search our corporate deal database. RISING STARS Introducing the GCV Rising Stars 2024 RISING STARS Introducing the GCV Rising Stars 2024 EMERGING LEADERS Introducing the GCV Emerging Leaders 2024 EMERGING LEADERS Introducing the GCV Emerging Leaders 2024 Events GCV Institute: Landing the Value of Corporate Venturing May 6 - May 9, 2024 Online Find out more All events Events Webinar: CVCs and the art of the follow-on May 8, 2024 Online Find out more All events Events GCV Institute: CVC Investment Programs May 21 - May 22, 2024 Online Find out more All events Events GCV Symposium 2024 Jun 24 - Jun 26, 2024 London (UK) Find out more All events Events Corporate Venture in Brasil 2024 – International Delegation to Brazil Oct 28 - Oct 30, 2024 São Paulo (Brazil) Find out more All events Top News   Next47 hires Cheng for partner role Turk promoted at Allison Ventures The big debate: Should board seats go to CVCs or business units? Chevron gets $500m for third Future Energy Fund Defence tech startups should avoid these 5 pitfalls Video: ‘Corporates know the future of business is in Africa’ About us GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.   Navigation Membership Events Subscribe Newsletters Contact Us About GCV   © 2024 Mawsonia Ltd. All rights reserved. test reg Login LOGIN NOW Remember me Forgot password? Not yet subscribed? See your subscription offers here This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More Privacy & Cookies Policy Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Necessary Necessary Always Enabled Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information. Non-necessary Non-necessary Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website. SAVE & ACCEPT