Allianz and White Mountains Insurance helped Pie Insurance raise $315m while Cargill and ADM chipped into Innovafeed‘s $250m series D round.

Funds

US-headquartered technology event promoter Web Summit is seeking a total of $40m for two funds under the Web Summit Ventures banner, TechCrunch reported yesterday, citing unnamed sources. The capital will be equally split between a Web Summit Ventures Seed fund which will invest up to series A and a vehicle dubbed Web Summit Ventures Growth that will back companies at series B stage and later.

Door manufacturer Masonite International Corporation has contributed €5m ($5m) to Circular Innovation Fund, a venture capital vehicle formed by cleantech-focused investment firms Cycle Capital and Demeter to back companies in the circular economy at growth stage. The fund’s existing limited partners include cosmetics producer L’Oréal.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Pie Insurance Workers’ insurance provider Financial US D 315 21/09/2022 Allianz (Allianz X), White Mountains Insurance Group; Centerbridge Partners (lead), Gallatin Point Capital, Greycroft, Acrew Capital
Innovafeed Insect-based animal and plant feed maunfacturer Industrial  France D 250 20/09/2022 Cargill, ADM; Qatar Investment Authority (lead), Creadev, Temasek, Future French Champions,…

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Edison Fu

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