Astra Group took part in a $41m round for digital bank Yap while GV led artificial intelligence developer platform Modular AI's $30m seed round.

Funds Italy-based farming group Cereal Docks formed a corporate venture capital unit called Grey Silo Ventures in May this year. Giacomo Fanin, business development manager at Cereal Docks, will oversee its investment activities and said the fund is set to target Europe and Israel-based food technology developers. Grey Silo Ventures will make up to four investments per year at seed or series A stage, providing between €300,000 and €500,000 ($310,000 to $520,000 at current rates) per deal. M&A Formal attire-driven marketplace and search engine operator Queenly has paid an undisclosed amount to acquire Mi Padrino, the US-based, quinceañera celebration-focused crowdfunding platform backed by investors including wedding planning service XO Group (TheKnot). Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsYapDigital banking app operatorFinancialUAEN/A4104/07/2022Astra Group; Aljazira Capital (lead), Abu Dawood Group, Audacia Capital, unnamed family officesModular AIAI developer-oriented software providerITN/ASeed3030/06/2022Alphabet (GV) (lead); Greylock, The Factory, SV AngelFisdomWealth management technology providerFinancialIndiaC21 (updated)30/06/2022PayU; Quona Capital, Saama CapitalMonaMetaverse creation technology developerMediaUSA14.601/07/2022Protocol Labs (co-lead), Polygon (Polygon Studios), ConsenSys (ConsenSys Mesh); Archetype (co-lead), Collab+Currency (co-lead), Placeholder, Rogue Capital, Synergis, A_Capital, Palm Tree Crew Crypto, Venture Reality Fund, SV Angel, Fourth Revolution Capital, OpenSea Ventures, LongHash Ventures, Taavet+Sten, Big Brain Holdings, Everyrealm, Ready Player DAO, Poap Ventures, Gaingels, The Grey Trust, Rahilla Zafar, Conlan Rios, Miles Anthony, Dennison BertramStakeRenter-focused cashback platformFinancialUSA1230/06/2022National Association of Realtors (Second Century Ventures); RET Ventures Housing Impact Fund (lead), Enterprise Community Partners, Hometeam Ventures, Operator Stack, Shadow Ventures, Olive Tree VenturesAltLayerBlockchain technology developerITSingaporeSeed7.201/07/2022Jump Trading Group (Jump Crypto); Polychain Capital (lead), Breyer CapitalMoHashDecentralised finance protocol providerFinancialIndiaSeed630/06/2022Jump Trading Group (Jump Crypto), Coinbase (Coinbase Ventures), CoinSwitch; Quona Capital (co-lead), Sequoia Capital India (co-lead), Hashed Ventures, Ledger Prime, Balaji Srinivasan, Sandeep Nailwal, Jaynti KananiJuragan MaterialB2B marketplace for the construction industryIndustrialIndonesiaSeed404/07/2022GoTo (Go-Ventures) (lead), Susquehanna International GroupSrushData analysis technology developerITJapanPre-A1.304/07/2022Money Forward (Money Forward Venture Partners’ Hirac Fund), Nippon Life (Nissay Capital)KartyDigital payment technology developerFinancialQatarPre-seed1.204/07/2022Visa; Qatar Development Bank, Qatar Foundation, unnamed angel investorsScholScholarship digitalisation technology developerServicesJapanN/A<1 ($740,000)04/07/2022Obunsha (Obunsha Ventures), Mizuho Bank (Mizuho Capital); Kibow, NowChemDirectOnline speciality chemicalmarketplaceIndustrialUSAN/A01/07/2022SchneiderZhixin SemiconductorFabless automotive microcontroller unit designerTransportChinaAN/A30/06/2022iFlytek; Tianjin Bohai Fund, Forebright Capital, MTM CapitalBack of the Yards Algae SciencesAlgae-based alternative protein product developerIndustrialUSN/AN/A04/07/2022DIC Corporation

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.