Braskem has formed a $150m corporate venturing initiative while Saudi Aramco's Prosperity7 Ventures fund took part in SingleStore’s $146m series F2 round.

Fund

Brazil-based thermoplastic resin producer Braskem has formed a R$773m ($150m) corporate venturing and startup incubation arm called Oxygea. The corporate has set aside $100m for the investment fund while the remainder is earmarked for the incubation activities of the unit.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
SingleStore Cloud database developer for data-intensive applications IT US F2 146 03/10/2022 Saudi Aramco (Prosperity7 Ventures); Goldman Sachs (lead)
Tally Debt payoff platform Financial US D 80 03/10/2022 Menora Mivtachim; Sway Ventures (lead), Kleiner…

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Edison Fu

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

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