Wuxi SAIC Jinshi Innovation Industry Fund led SemiDrive’s $139m series B+ round while Next47 participated in Locus Robotics’ $117m series F.

Funds Japan-based health and beauty product retailer Satudora Holdings has formed a corporate venturing arm called S Ventures. The fund will target startups developing products and technology to help solve social issues in the Hokkaido region. Japanese automotive group Suzuki launched its first corporate venture capital fund, Suzuki Global Ventures, with $100m last month. It will invest in companies aiming to tackle social issues using next-generation automotive and decarbonisation technologies. VC firm World of Innovation Lab will help run the fund, which will target startups based in the US, Japan and India. Public markets Redaptive, the US-based energy efficiency technology group backed by property services firm CBRE and energy utilities Engie, Great Plains Energy and Evergy, cancelled a proposed $100m initial public offering. Bankruptcy BlockFi, the US-based crypto financial services provider backed by blockchain software producer Consensys, proprietary trading firms Capital Markets Trading and Akuna Capital, human resources provider Recruit, financial services firm Siam Commercial Bank and quantitative trading firms Hudson River Trading and Susquehanna International Group, has filed for bankruptcy. Funding Company nameCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsSemiDrive Automated driving chip developerTransportChinaB+13930/11/2022SAIC Motor/Citic Securities/Wuxi City (Wuxi SAIC Jinshi Innovation Industry Fund) (lead); Sequoia Capital (Sequoia Capital China), Temasek (Vertex Ventures)Locus RoboticsWarehouse robotics manufacturer IndustrialUSF11729/11/2022Siemens (Next47);  Goldman Sachs (Goldman Sachs Asset Management), Silicon Valley Bank, G2 Venture Partners, Stack Capital Group, Stafford Capital Partners, Hesta, Newton Investment Management North America, Gray’s Creek Capital, Hercules Capital, Bond, Scale Venture PartnersTrinomab Monoclonal antibody drug developerHealthcareChinaN/A10429/11/2022Zhuhai Gree Group (Gree Financial Investment), China Medical System; Kingray Capital (lead), Shenyin & Wanguo Securities (Shenyin & Wango Investment), Efund Capital, Wuxi Guolian Development, Jinhang GroupFreetechIntelligent driving technology developerTransportChinaB10029/11/2022SAIC Motor (SAIC Hengxu Capital), BAIC (BAIC Capital), Shaanxi Automobile Group, Sun Life (Everbright Asset Management), TCL Technology; Chaos Investment (lead), Ao Peng InvestmentCajal NeuroscienceNeurodegenerative disease drug developerHealthcareUSA9629/11/2022Bristol Myers Squibb, Evotec, Alexandria Real Estate Equities (Alexandria Venture Investments); The Column Group (lead), Lux Capital, Two Sigma Ventures, Dolby Family VenturesKore Power Lithium-ion battery cell developerEnergy and Natural ResourcesUSN/A7530/11/2022Siemens (Siemens Financial Services) (lead), Quanta Services, Nidec Motor Corporation, Honeywell (Honeywell Ventures); Trog Hawley CapitalDeepgramSpeech recognition software providerITUSB72 (updated)29/11/2022Citi (Citi Ventures), SAP (SAP.io); Madrona Venture Group (lead), Alkeon Capital Management, Tiger Global Management, Wing Venture Capital, Bossanova InvestimentosRgenta Therapeutics Oncology drug developerHealthcareUSA5229/11/2022AstraZeneca/CICC Capital (AZ-CICC Healthcare Investment Fund) (lead); Korean Investment Partners, Delos CapitalVerdant Robotics Agricultural robotics technology producerIndustrialUSA46.529/11/2022Wilbur Ellis (Cavallo Ventures); Cleveland Avenue (lead), DCVC (DCVC Bio), Future Ventures, SeaX Ventures, Autotech Ventures, AgFunderGreenwoodDigital bank aimed at black and Latino customersFinancial USN/A4529/11/2022NextEra Energy, Bank of America, Citi (Citi Ventures), PNC, Popular, Truist (Truist Ventures), Wells Fargo; Pendulum (lead), Cercano Management,…

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Edison Fu

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