UPMC co-led Smile Digital Health’s $30m series B round while four pharmaceutical firms participated in iVexSol’s $23.8m series A.

Electricity poles with cables located on hill at sundown

Fund

Brazilian electricity utility Copel (Companhia Paranaense de Energia) has formed a R$150m ($29.4m) corporate venturing fund to invest in startups focusing on renewable energy, including in green hydrogen.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Smile Digital Health Health data platform developer Healthcare Canada B 30 26/01/2023 UPMC (UPMC Enterprises); unnamed existing investors
iVexSol Viral vector manufacturing services provider Healthcare US A 23.8 26/01/2023 Bristol Myers Squibb, Charles River Laboratories, Asahi Kasei (Asahi…

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Edison Fu

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

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