Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.

M&A Car vision technology provider Nexar is set to acquire Veniam, a Portugal-based vehicle communications service backed by telecommunications firms Verizon and Orange, networking equipment manufacturer Cisco and motor equipment producer Yamaha Motor, for an undisclosed amount. The company had closed a $22m series B round in 2016 that took its total funding to nearly…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.