USAA, Samsung and UEM chipped in as Lumotive raised $13m, while Printpack and Braskem are exiting Nexus Circular in a $150m acquisition.

plastic recycling

M&A

Cox Enterprises aqcuired US-based plastics recycling technology developer Nexus Circular for $150m. Nexus had raised undisclosed amounts from sustainable packaging producer Printpack in January 2022 and polyolefin provider Braskem the following month.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Lumotive  Beam steering chip developer IT US N/A 13 (updated) 03/01/2023 Samsung (Samsung Ventures) (lead), USAA, UEM Group (Uniquest Infra Ventures), Himax Technologies; Quan Funds, MetaVC Partners, Bill Gates
Alicia Freelancer-focused insurance…

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Edison Fu

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

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