Nippon Life provided $650m for Resolution Life as part of a round that could reach $1.65bn, while Axa led a $25m round for Dayforward.

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 $72m. Physical activity tracking platform Strava has paid an undisclosed amount to purchase Fatmap, the UK-based operator of a 3D mapping service focused on outdoor actvities, enabling carmaker Jaguar Land Rover‘s InMotion Ventures unit to exit. The corporate took part in a 2018 round for the Strava. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsResolution LifeLife insurance consolidation businessFinancialUKN/A65024/01/2023Nippon Life DayforwardDigital life insurance providerFinancialUSN/A2524/01/2023Axa (Axa Venture Partners) (lead), Munich Re (Munich Re Ventures); Juxtapose, Hudson Structured Capital Management (HSCM Ventures)Ecozen SolutionsSolar energy-based cold storage technology providerServicesIndiaC2524/01/2023Coromandel International (Dare Ventures) (co-lead); Nuveen Global Fund (co-lead), Export-Import Bank of India, Caspian Impact Investment, Triodos Bank/Hivos (Hivos-Triodos Fund), Maanaveeya Development and Finance, Oxyzo, Northern Arc Group, HDFC Bank, Axis Bank (debt)Rumin8Methane-focused emissions reduction system developer IndustrialAustraliaSeed17.6 (updated)23/01/2023Harvest Road Group; Breakthrough Energy Ventures (lead), Sentinel Impact (Aware Super Sentient WA Growth Fund), Prelude VenturesKewazoConstruction robotics technology developerIndustrialGermanyA1023/01/2023Nemetschek; Fifth Wall (lead), Cybernetix Ventures, Unorthodox Ventures CudoniLuxury goods resale marketplaceConsumerUKN/A9.323/01/2023eBay (eBay Ventures), Daily Mail Group (DMG Ventures); Andrew JenningsTranscelestialWireless laser communications providerTelecomsSingaporeA2724/01/2023Airbus (Airbus Ventures) (lead), Globe Telecom (Kickstart Ventures); Defence Science and Technology Agency (Cap Vista), Seeds Capital, Wavemaker Partners, Entrepreneur FirstCoverDashSmall business insurance providerFinancialUSSeed2.523/01/2023Axis Capital (Axis Digital Ventures), Tokio Marine/World Innovation Lab (Tokio Marine Future Fund); Expansion VC, Cameron Ventures, Greg Hendrick, Garret Koehn, Steve ShenfeldFairatmosCarbon project development platformEnergy and Natural ResourcesIndonesiaSeed1.524/01/2023Tova Bara Sejahtra (Kreasi Terbarunkan TBS), GoTo (Go-Ventures)Sushi Top MarketingEnterprise NFT marketing platformMediaJapanSeed<1 ($770,000)24/01/2023Dentsu Group; Spiral Capital (lead), MiraiseOpenAIArt and text-generating software providerITUSN/AN/A23/01/2023MicrosoftCosmo TechProvider of digital twin simulation technologyITFranceN/AN/A23/01/2023Accenture; Sam GeorgeDufour AerospaceUnmanned aircraft developerTransportSwitzerlandBN/A23/01/2023Vista GlobalMapryGeospatial information app developerServicesJapanA1N/A24/01/2023Mirait One, Shimizu Corporation, Minato Bank (Minato Capital), Chugoku Bank (Chugin Capital Partners), Ichinen Holdings, Digital Holdings (Bonds Investment Group’s Hyogo Kobe Startup Fund); Drone Fund

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Edison Fu

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