Google, Chevron and Sumitomo were part of fusion power system developer TAE’s $250m series G2 while GMO VenturePartners and Christie's Ventures formed new funds.
Funds
UK-based auction house Christie’s formed a corporate venturing fund on Monday called Christie’s Ventures. The unit will target fine art and luxury market-focused financial and Web3 technology developers and its first investment involved it providing an undisclosed amount for omnichain crypto network developer LayerZero Labs.
B Capital, the US-based venture capital firm which is also a strategic partner for professional services firm Boston Consulting Group, reached a $250m close for its Ascent Fund II yesterday. The vehicle will target early-stage deals from pre-seed to series A globally, particularly focusing on the United States and Asia.
Japan-headquartered internet group GMO’s corporate venture capital arm, GMO VenturePartners, launched an ¥11.3bn ($81.8m) fund dubbed GMO Fintech Fund 7 yesterday. The vehicle was formed in partnership with unnamed financial institutions and will back financial and decarbonisation technology companies based across the Indo-Pacific region.
M&A
Health and beauty group FemTec Health…
