Reliance Egypt participated in Trukker’s $100m series C round while Merck, Eli Lilly and Heritage Medical all backed Photys’ $75m series A.

M&A Investment firm Francisco Partners has paid $750m to acquire a 90% stake in Kobalt, a US-based music services provider backed by media firm Hearst and internet group Alphabet, according to Music Business Worldwide. Fund Germany-based baking ingredient provider Martin Braun-Gruppe has formed a corporate venturing arm in a bid to back bakery technology developers, having teamed up with agritech-focused accelerator StartLife for the initiative. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsTrukkerLorry-focused digital network operatorTransportUAEC10008/09/2022Reliance Egypt; Investcorp (lead),  Mubadala Investment Company, Riyad Valley Capital, March HoldingPhotys TherapeuticsPhosphorylation-inducing chimeric small molecule medicine developerHealthcareUSA 7508/09/2022Merck & Co (MRL Ventures Fund), Eli Lilly, Heritage Medical Systems; MPM Capital (lead), Omega Funds,  Longwood,  8VC, Arkin Bio, Mass General Brigham Ventures,LiveScore GroupReal-time sports updates and streaming providerMediaUKN/A5007/09/2022RingierTaranisCrop intelligence providerIndustrialIsrealD4007/09/2022Farglory Group, Hitachi (Hitachi Ventures), Micron (Micron Ventures) Sumitomo (Presidio Ventures), Wilbur Ellis (Cavallo Ventures), United Microelectronics Corporation (UMC Capital); Inven Capital (lead), Temasek Holdings (Vertex Growth), Viola Ventures, Vertex Ventures Israel,  La Maison Partners, K3 Ventures, OurCrowd, iAngels Ventures, Finistere Ventures, Eyal Gura, Seraphim Space (Seraphim Space Investment Trust)IsovalentOpen source technology developerITUSB4007/09/2022Microsoft (M12), Alphabet (Google), Cisco; Thomvest Ventures (lead), Grafana Labs, Andreessen Horowitz, Mango Capital, Mirae Asset Capital.PolyAIEnterprise voice assistant providerServicesUKB4007/09/2022Twilio (Twilio Ventures); Georgian (lead), Khosla Ventures, Point72 Ventures, Amadeus Capital Partners ClearMotionProactive ride system TransportUSN/A3907/09/2022Nio (Nio Capital) (lead), Bertelsmann (BAI Capital); Franklin Templeton, NewView Capital, Acadia Woods PartnersLocalyzeInternational staffing serviceServicesGermanyB3507/09/2022Web Summit (Web Summit Fund); General Catalyst (lead), Visionaries Club, Frontline Ventures, Job van der VoortSteelEyeCompliance technology data platformITUKB2108/09/2022Fidelity International (Fidelity International Strategic Ventures); Ten Coves Capital (lead), Illuminate Financial,  Beacon Equity Partners,HealthilyAI-equipped symptom checking appHealthcareUKN/A2007/09/2022Reckitt; Orkla Ventures, Smedvig Capital, Smedvig CapitalArpeggio BiosciencesDrug development platformHealthcareUSA 1707/09/2022Tencent; Builders VC (lead), Khosla Ventures, FundersClub, Alice Zhang, Fifty Years, ATEM Capital, Formic Ventures, Tau Ventures, Milad Alucozai, Matthew De Silva, TechU VenturesEliseConnected engineering platformIndustrialGermanyA 14.807/09/2022BMW (BMW i Ventures); Spark Capital (lead), Cherry Ventures, UVC Partners, Venture StarsEdupiaOnline English tutoring and learning platformServicesVietnamA 1408/09/2022Alibaba/Ant Financial (eWTP Capital); Jungle Ventures (lead), ThinkZone VenturesGameplay GalaxyA Web3 powered gaming ecosystemMediaUSSeed 12.807/09/2022Com2uS, Solana (Solana Ventures); Blockchain Capital (lead), Merit Circle, Mysten Labs, Hustle Fund, Yield Guild GamesCircuitOn-demand electric shuttle serviceTransportUSA 1107/09/2022Citi (Citi Impact Fund); Tribeca Venture Partners (lead), Impact Engine, Groundswell Ventures, Gaingels, Cleantech Incubator (LACI) Impact Fund, Forefront Venture PartnersMomnt TechnologiesLending and payment platformFinancialUSN/A9.507/09/2022Yamaha Motor (Yamaha Motor Ventures)AyekartFood and agri chain-focused integrated platformIndustrialIndiaN/A5.507/09/2022Siply Services; Caspian DebtRiceWineOwner of sake brand HinemosConsumerJapanA 208/09/2022Lotte (Lotte Ventures Japan), Bank of Yokohama (Yokohama Capital), Mitsubishi UFJ (Mitsubishi UFJ Capital); Dimension (lead)GalaxySpace Commercial aerospace firmIndustrialChinaN/AN/A07/09/2022Construction Bank Corporation (CCB International) (lead), Legend Holdings (Legend Capital); Anhui Sanzhongyichuang Industry Development Fund, Hefei Industry Investment and Sincere Fund, Chaos InvestmentOriArchitectural robotics-based interior designerServicesUSN/AN/A07/09/2022Eugene Group (lead), Sumitomo Corporation (Presidio Ventures), Alphabet, Ikea (Ingka Investments); Khosla Ventures, Geolo CapitalConception XPhD…

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Edison Fu

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