Novo Holdings led a $75m series C round for Kate Farms while PayU and InfoEdge Ventures participated in DotPe’s $58m series B.

M&A

Last-mile delivery service Instabox has merged with Budbee, a Sweden-based smart lock technology provider backed by fashion retailer H&M, in a SEK18bn ($1.7bn) deal.

Fund

Italian bank Intesa Sanpaolo’s Neva unit has raised €250m ($250m) for its first fund to back Europe-based startups. In addition to Intesa Sanpaolo, other banking foundations including Compagnia di San Paolo, Cariparo and Carilucca contributed to the fund.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Kate Farms Plant-based formula provider Consumer US C 75 19/09/2022 Novo Holdings (lead), Kaiser…

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Edison Fu

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

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