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

M&A Cox Enterprises aqcuired US-based plastics recycling technology developer Nexus Circular for $150m. Nexus had raised undisclosed amounts from sustainable packaging producer Printpack in January 2022 and polyolefin provider Braskem the following month. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsLumotive Beam steering chip developerITUSN/A13 (updated)03/01/2023Samsung (Samsung Ventures) (lead), USAA, UEM Group (Uniquest Infra Ventures), Himax Technologies; Quan Funds, MetaVC Partners, Bill GatesAliciaFreelancer-focused insurance providerFinancialNetherlandsSeed7.404/01/2023Achmea (Achmea Innovation Fund), Randstad (Randstad Innovation Fund); Volta VenturesBarajaAutmotive lidar technology developerTransportAustraliaN/AN/A03/01/2023VeoneerGiga StorageEnergy storage project developerEnergy and Natural ResourcesNetherlandsN/AN/A03/01/2023Rabobank (Rabo Investments)

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Edison Fu

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