Siemens, Docomo and Nvidia chipped into Skydio’s $230m series E round while Yuexiu and Xiamen C&D helped lift Immorna’s series A to $115m.

Blue Silver Black Car Engine

M&A

Battery technology developer Recharge Industries acquired Britishvolt, a UK-based automotive battery cell provider backed by commodity trading and mining group Glencore and shipping firm Scorpio Group, for an undisclosed amount. Glencore invested $54m in the company in February 2022 before Scorpio added an undisclosed sum three months later.

Funding

US-based autonomous drone manufacturer Skydio received $230m in series E funding from investors including industrial technology producer Siemens’ Next47 unit, mobile network operator Docomo and graphics chipmaker Nvidia. The round, which was led by Linse Capital, valued Skydio above $2.2bn and included Andreessen Horowitz, IVP, Walton Family Foundation and UP.Partners.

Company Company description Sector Country Round Round size($m) Deal date Investors
Immorna Messenger RNA-based therapy and vaccine developer Healthcare China A 115 (updated) 27/02/2023 Yuexiu Enterprises (Yuexiu Fund), Xiamen C&D (Xiamen C&D Emerging Industry Equity Investment); China Structural Reform Fund, Hillhouse Capital Group (GL Ventures), Zhenji Capital, TigerYeah Capital, China Growth Capital, Co-win Ventures, Zheshang Venture Capital
Durapower Holdings Lithium-ion battery manufacturer Energy and Natural Resources Singapore N/A 70 27/02/2023 Banpu (Banpu Next)
Typeface Developer of generative AI-based content creation software IT US N/A 65 27/02/2023 Microsoft (M12), Alphabet (GV); Lightspeed Venture Partners, Menlo Ventures
NowCoder Programmer recruitment platform developer Services China B 50 26/02/2023 58.Com (Pegasus Capital); Sequoia (Sequoia Capital China), Tiger Global, 5Y Capital, Shunwei Capital
Puzzle Medical Devices Minimally invasive heart pump developer Healthcare Canada A 25 27/02/2023 Cordis/Ajax Health/Hellman & Friedman/KKR (Cordis-X) (lead); Longview Ventures, Desjardins Capital, Business Development Bank of Canada (BDC Capital’s Thrive Venture Fund), unnamed existing investors
HaoDyne Technology Lithium-ion battery materials producer Energy and Natural Resources US A 21.5 27/02/2023 Great Wall Motors (Svolt Capital) (lead), Eve Energy, Amperex Technology; Oriental Fortune Capital, CoStone Capital, Guohai Innovative CCI Capital, Hedge VC
SepPure Technologies Chemical membrane technology developer Industrial Singapore A 12 27/02/2023 Anji Microelectronics, ESP Shipping (EPS Ventures); SOSV (lead), RealTech Fund, Enterprise Singapore (Seeds Capital), unnamed others
Koios Provider of clinical decision support software Healthcare US B 8 17/02/2023 Mitsui & Co (MBK Healthcare Management) (lead)
Angiodroid Developer of carbon dioxide-focused angiographic imaging technology Healthcare Italy A 7.4 27/02/2023 Air Liquide (Air Liquide Venture Capital); CDP Venture Capital (Evolution Fund) (lead), 8a+ Investment SGR
Vouched Provider of AI-equipped identity verification software IT US N/A 6.3 27/02/2023 BHG Financial (BHG VC) (co-lead); SpringRock Ventures (co-lead), Darrell Cavens, Mark Vadon
Tricog Health Predictive healthcare analytics platform Healthcare Singapore C 5 28/02/2023 Sony (Sony Innovation Fund); SGInnovate, University of Tokyo (University of Tokyo Edge Capital Partners)
Osiro Creator and artist-focused online community Media Japan A 3.8 28/02/2023 Toppan Printing (lead), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), United, Sazaby League, Asahi Broadcasting Corporation (ABC Dream Ventures), Combo, Nasu; Aozora Bank (Aozora Corporate Investment), two unnamed investors
Movius Provider of mobile communication security software Telecoms US N/A N/A 24/02/2023 T-Mobile (T-Mobile Ventures)
Immuta Data security technology developer IT US E N/A 27/02/2023 ServiceNow
Swedish Biofuels Developer of biogenic jet fuel production technology Transport Sweden N/A N/A 28/02/2023 Mitsubishi Corporation
Edison Fu

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