PragmatIC Semiconductor closed a $125m Saudi Aramco-backed series C round while Manulife provided $100m in funding for EDF spinoff PowerFlex.

Funds

Go-Ventures, the coprorate venture capital subsidiary of Indonesia-based ride hailing and e-commerce group GoTo, has raised almost $174m for its second fund, according to a securities filing. The fund has 20 financial backers and a $200m target for its close.

Finland-based digital business group Sofokus has formed an investment arm dubbed Digital Heart Capital II, after its predecessor launched in 2020. The second fund will target digital…

Edison Fu

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