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 Perkins, Andreessen Horowitz, Shasta Ventures, Cowboy Ventures |
| Liquid Death | Canned water brand | Consumer | US | N/A | 70 | 03/10/2022 | Live Nation Entertainment; Science (lead), Swedish House Mafia, Whitney Cummings |
| Euler Motors | Commerical electric vehicle manufacturer | Transport | India | C | 60 | 04/10/2022 | Moglix; GIC (lead), Asian Development Bank (ADB Ventures), Blume Ventures, Athera Venture Partners, QRG Investments and Holdings |
| Golden | Web3 blockchain protocol developer | Financial | US | B | 40 | 03/10/2022 | Protocol Labs, OpenSea (OpenSea Ventures), FalconX; Andreessen Horowitz (a16z Crypto) (lead), Xoogler, TRAC, Scale Asia Ventures, Chaac Ventures, HNVR Technology Investment Management, Vela Partners, Socii Capital, MVP Ventures, Harpoon Ventures, DCVC, Raj…
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