GAC Group took part in the battery material producer’s $375m series B round while MetaVC Partners’ $62m fund included Corning and JSR as LPs.

A rechargeable battery for the electric scooter Kumpan 54 Iconic being swapped out. It runs on Lithium-Ion, achieves 54 km of range and can also be used as energy storage.
Photo courtesy of Kumpan Electric via Unsplash

Funds

US-based venture capital firm MetaVC Partners has closed its latest fund at $62m having secured capital from limited partners including glass and ceramics producer Corning and advanced materials maufacturer JSR Corporation. The corporates were joined by Gates Frontier along with unnamed family offices and institutional pension funds.

Singapore-based web3 router protocol developer Multichain and blockchain-focused education provider Web3hub launched an accelerator called Web3.0 Global Acceleration Program which is equipped with $10m.

M&A

IT technology group IBM acquired Ahana, a US-based analytics platform developer backed by mass media group Liberty Global and internet technology group Alphabet, for an undisclosed sum. Corporate…

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Edison Fu

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