Amazon Smbhav Venture Fund led FreshToHome’s $104m series D round while CarTrade and BRB Banco de Brasília both launched venture funds.

Red Meat With Chili Pepper and Green Spies

Funds

Brazilian financial services firm BRB Banco de Brasília has formed a corporate venture capital fund called BRB Venture Capital Fundo de Investimento em Participações – Capital Semente. The initiative is being co-run by VC firms Bossanova Investimentos and KPTL and it has an initial size of R$50m ($9.6m). It is targeting early-stage companies developing education and training services.

India-based online automotive classifieds platform CarTrade Tech has formed a CVC arm called CarTrade Ventures. The corporate has set aside Rs 7.5bn ($90.4m) for strategic acquisitions and investments in the automotive sector over the next five to seven years.

Funding

Ecommerce group Amazon’s Smbhav Venture Fund led a $104m series D round for India-based fresh fish and meat delivery service FreshToHome. Iron Pillar, Investcorp, Investment Corporation of Dubai, Ascent Capital, E20 Investment, Mount Judi Ventures and Dallah Albaraka filled out the participants in the round.

Company Company description Sector Country Round Round size($m) Deal date Investors
GeoPura Provider of hydrogen power generation systems Energy and Natural Resources UK N/A 43 21/02/2023 General Motors (GM Ventures) (co-lead), Barclays (Barclays Sustainable Impact Capital)(co-lead), Siemens (Siemens Energy Ventures); Swen Capital Partners 
Electra Vehicles Provider of electric vehicle optimisation software Transport US N/A 21 22/02/2023 Stellantis (Stellantis Ventures), BlackBerry; United Ventures (UV T-Growth Fund) (lead), Liftt, Club degli Investitori
Aquafortus Saline water crystallisation technology developer Energy and Natural Resources New Zealand A1 17 23/02/2023 Novo (co-lead); DCVC (co-lead), Universal Materials Incubator, Intrepid Financial Partners, Envisioning Partners, Burnt Island Ventures, K1W1, NZGCP
CyberSmart  Enterprise cybersecurity software producer IT UK B 15.4 23/02/2023 Legal & General (Legal & General Capital), Winton (Winton Ventures); Oxx (lead), British Business Bank (British Patient Capital), Solano Partners, IQ Capital, Eos Venture Partners, Seedcamp
Trust & Will Estate plan digitalisation service Financial US N/A 15 23/02/2023 American Express (Amex Ventures), Northwestern Mutual (Northwestern Mutual Future Ventures), USAA; SEI Ventures
Gridium Building-focused energy efficiency software provider Energy and Natural Resources US N/A 14 23/02/2023 Lincoln Property Company; Navitas Capital (lead), Tim Naughton
Huma Income-driven decentralised protocol provider Financial US Seed 8.3 23/02/2023 Circle (Circle Ventures); Race Capital (co-lead), Distributed Global (co-lead), ParaFi Capital, Folius Ventures, Robot Ventures, unnamed others
Gauge  Online auction platform for car dealers Transport US Seed 5.3 22/02/2023 Grupo Proeza (Proeza Ventures); Maniv Mobility (lead), FJ Labs
Kita Carbon insurance product provider Financial UK Seed 4.7 22/02/2023 China Re International Holdings (Chaucer Group); Octopus Ventures (lead), Insurtech Gateway, Carbon13, Climate VC, Hartree Partners
Themis Financial compliance and insights platform Financial UK Pre-A 3.5 24/02/2023 Diligencia
77Sol Solar panel manufacturer Energy and Natural Resources Brazil N/A 2.7 15/02/2023 EDP Brasil (EDP Ventures); Crescera Capital (lead)
Proglix Online raw materials marketplace Consumer  Indonesia Seed 1.4 24/02/2023 Telkom Indonesia (MDI Ventures’ Arise unit); 500 Global, Number Capital, Magic Fund, Arkana Ventures, angel investors
Parcel Freelance driver and business matching platform Transport Bahrain N/A 1 24/02/2023 Jahez; Hope Fund (Hope Ventures), Abdulla Almutawa
Iemeshi Operator of food delivery price comparison app Done Consumer  Japan Pre-A2 N/A 24/02/2023 Airtrip; Shizen Capital, Miraise, F Ventures
Movius Mobile communication security platform Telecoms US N/A N/A 24/02/2023 T-Mobile US (T-Mobile Ventures)
Kemiex Raw materials data and procurement platform Industrial Switzerland N/A N/A 24/02/2023 CME Group (CME Ventures), DTN; Wille Finance
Bedtime Digital Games Video game studio Media Denmark N/A N/A 23/02/2023 Ghost Ship Games
Ruedata Provider of tyre stock management software Transport Colombia N/A N/A 07/02/2023 Coca-Cola (Coca-Cola Argentina)/Arcor (Kamay Ventures)
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.