NextEra Energy, SK and Mitsubishi Heavy Industries America were part of a $300m round for Monolith while Superscrypt helped Safe secure $100m.

Fund

Japan-headquartered consumer electronics manufacturer Panasonic has teamed up with SBI Investment, a subsidiary of financial services provider SBI Holdings, to form an ¥8bn ($57.7m) corporate venturing vehicle called PC-SBI Investment Limited Partnership. Also known as Panasonic Kurashi Visionary Fund, it will back developers of lifestyle, energy, food and spatial infrastructure technologies based in Japan and elsewhere.

M&A

Educational programme provider African Leadership Group has agreed to acquire Holberton, the US-based provider of an online learning platform for software engineering, for an undisclosed amount, allowing educational publisher Pearson to exit. The corporate’s Pearson Ventures unit had invested in the company’s $20m series B round in March 2021, hiking its overall funding to $33m.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Monolith Clean hydrogen, carbon black and ammonia developer Industrial  US N/A 300 14/07/2022 NextEra Energy, SK Group, Mitsubishi Group (Mitsubishi Heavy Industries America); TPG (TPG Rise Climate) (lead), BlackRock/Temasek (Decarbonization Partners),…

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.



Not sure if you have a subscription?
Edison Fu

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

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.
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
Events
Webinar: CVCs and the art of the follow-on
May 8, 2024
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
© 2024 Mawsonia Ltd. All rights reserved.
test reg