Daily Deal Round Up: January 24th, 2023

M&A

Management consulting firm McKinsey & Company has acquired Iguazio, an Israel-based AI application development platform backed by corporates Verizon, Dell, Samsung, Robert Bosch and CME Group, for an undisclosed sum. It was valued at $100m as of its last disclosed round, in 2020, when investors including Verizon Ventures and Samsung SDS provided $24m to take its total funding to over $72m.

Physical activity tracking platform Strava has paid an undisclosed amount to purchase Fatmap, the UK-based operator of a 3D mapping service focused on outdoor actvities, enabling carmaker Jaguar Land Rover‘s InMotion Ventures unit to exit. The corporate took part in a 2018 round for the Strava.

Funding

Company	Company description	Sector	Country	Round	Round size($m)	Deal date	Investors
Resolution Life	Life insurance consolidation business	Financial	UK	N/A	650	24/01/2023	Nippon Life
Dayforward	Digital life insurance provider	Financial	US	N/A	25	24/01/2023	Axa (Axa Venture Partners) (lead), Munich Re (Munich… 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 Edison Fu Edison Fu is a reporter and Asia liaison at Global Corporate 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   Leontiou heads Eurobank's CVC Meet the corporations investing in data centre energy startups 11 data centre energy startups to watch Next47 hires Cheng for partner role Turk promoted at Allison Ventures The big debate: Should board seats go to CVCs or business units? 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