Several corporates took part in SonoThera’s $60.8m series A round while NEC closed its Orchestrating Future Fund at $140m.

Funds

Japan-based IT services firm NEC Corporation’s NEC Orchestrating Future Fund has reached a $140m final close. The fund has contributions from corporate backers NTT Finance Corporation, Mitsui Sumitomo Insurance and Sumitomo Mitsui Trust Bank as well as Japan Industrial Partners and Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services.

Nassau Re/Imagine, the incubator scheme run by US-based reinsurance service Nassau Re, has formed TalentBridge23 Incubator Program, a six-month initiative targeting insurance technology developers. IT services groups CGI and LTIMindtree are joint sponsors of the programme along with University of Connecticut and University of Hartford.

M&A

V Ventures, a subsidiary of investment group Thoresen Thai Agencies, is set to pay $100m in digital assets and cash to buy a 90% stake in Zipmex, a Singapore-based cryptocurrency exchange backed by peer Coinbase, financial services firm Bank of Ayudha, advertising agency Master Ad Public and outdoor media group Plan B Media, Bloomberg has reported. It had raised $62m in funding as of March this year.

Funding

Company Company description Sector Country Round Round size ($m) Deal date Investors
SonoThera Genetic therapy developer Healthcare US A 60.8 05/12/2022 Illumina (Illumina Ventures), Johnson & Johnson (Johnson & Johnson Innovation – JJDC), Eli Lilly & Company, Wilson Sonsini, Alexandria Real Estate Equities (Alexandria Venture Investment); Arch Venture Partners (lead), Temasek (Vertex Ventures), Medical Excellence Capital, Lifespan Investments, Formic Ventures, Foothill Ventures,
Plant Prefab Sustainable prefabricated house builder Services US N/A 42 02/12/2022 Gerdau (lead), Asahi Kasei; Brown Angel Group, Unreasonable Collective ($30m equity), Western Technology Investments, Atel Capital ($12m debt)
PictorLabs Digital pathology technology provider Healthcare US N/A 15.2 01/12/2022 Merck Group (M Ventures), SCC Soft Computer, Koç Holding
Expeto Private mobile network operator Telecoms Canada B 12 06/12/2022 Samsung (Samsung Next); Sorenson Capital (lead), 5G Open Innovation Lab, Mistral Venture Partners
Apromore Process mining software provider IT Australia B 10.3 05/12/2022 Salesforce, GBTEC
CleanFiber Cardboard-derived insulation material developer Industrial US N/A 10 30/11/2022 Axa (Axa Investment Managers/Axa IM Alts)
RepAir Carbon capture technology developer Energy and Natural Resources Israel A 10 06/12/2022 Shell (Shell Ventures), Equinor (Equinor Ventures); Extantia Capital (lead), Zero Carbon Capital
Paywatch Earned wage access provider Financial US Pre-A 9 06/12/2022 Hana Financial Group (Hana Ventures); Third Prime (lead), Parkwood Corp, Vanderbilt University, University of Illinois Foundation
Fairatmos Carbon credit marketplace operator Energy and Natural Resources Indonesia Seed 4.5 06/12/2022 GoTo (Go-Ventures) (co-lead), Toba Bara Sejahtra (Kreasi Terbarukan TBS) (co-lead); Temasek (Vertex Ventures Southeast Asia and India)
EvidenceB Adaptive learning tool developer Services France N/A 4.2 05/12/2022 Zanichelli Editore (Zanichelli Venture); Educapital, Finorpa, IRD
Retyre Sustainable bicycle tyre producer Transport Norway N/A 3 28/11/2022 Statkraft (Statkraft Ventures) (lead); 3MP Pensjon, Bjørn Simonsen, John Hugosson, Odd-Even Bustnes, Fredie Johan Helgesen
Kotozna Multilingual communication tool provider Services Japan N/A 2.3 06/12/2022 JTB
ClimateCamp Food industry-focused carbon emission tracking platform IT Belgium Pre-seed <1 ($740,000) 23/11/2022 Delaware (Delaware Belgium Ventures); LeanSquare, Airborn, DDM
Voiceitt Non-standard speech recognition technology developer IT Israel N/A N/A 02/12/2022 Cisco (Cisco Investments); Israel Institute of Technology (Amit Technion) (lead), Third Culture Capital
Enna Internet access platform aimed at elderly users Telecoms Germany N/A N/A 05/12/2022 TQ Group, Telefónica (Wayra); Zwei.7 (lead)
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.
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