Education provider Globis closed its seventh VC fund at $543m while Heritage Medical Systems, Exor and Alexandria participated in RNA drug developer Orbital’s $270m series A round.

Image courtesy of Globis Corporation.

Fund

Globis Capital Partners, the corporate venturing arm of Japanese education services provider Globis, reached a $543m final close for its seventh fund, which is targeting domestic companies looking to disrupt traditional industries and expand outside Japan. The unit has also launched an office in San Francisco to help portfolio companies increase their presence in the United States.

Funding

US-based RNA medicine developer Orbital Therapeutics raised $270m in series A funding from investors including health insurer Heritage Medical Systems, diversified holding group Exor and Alexandria Venture Investments, part of life sciences property investment trust Alexandria Real Estate Equities. The round was led by Arch Venture Partners and also backed by Andreessen Horowitz’s Bio + Health unit, Newpath Partners, Abu Dhabi Growth Fund, Redmile Group, Invus, Moore Strategic Ventures, iGlobe Platinum Fund Group, Casdin Capital, Agent Capital, Rellim Capital Management and undisclosed others.

Company Company description Sector Country Round Round size($m) Deal date Investors
Servify Aftersale smartphone services provider Consumer India D 70.7 (updated) 27/04/2023 Crescent Enterprises (Crescent Enterprises Venture Capital), AmTrust; Singularity Asset Management (Singularity Growth Opportunity Fund) (lead), Pidilite, Iron Pillar, Blume Ventures, Beenext, DMI Finance (DMI Sparkle Fund) (equity); Trifecta Venture (debt)
Clara Enterprise spend management platform Financial Mexico B 60 (updated) 26/04/2023 Citi (Citi Ventures); GGV Capital (lead), Coatue, Goldman Sachs, Accial Capital, Acrew Capital, Citius, Commerce Ventures, Ethos VC, Goanna Capital, Bayhouse Capital, Fluent Ventures, Picus Capital, DST Global, Endeavor (Endeavor Catalyst), Alter Global
Energy Dome Long-duration battery developer Energy and Natural Resources Italy B 44 27/04/2023 Eni (Eni Next) (lead); Invitalia (Evolution Fund), Novum Capital Partners, 360 Capital, Japan Energy Fund, Elemental Excelerator, Intesa Sanpaolo (Neva SGR), Barclays (Sustainable Impact Capital), CDP Group (CDP Venture Capital)
TEG Esports entertainment platform Media Japan A 27.6 27/04/2023 Imagica Group, Seif, Japan Tobacco, Property Agent, Maruichi Knit, Media Create Communications, Robot Home; GCI Ventures
Hydrosat Agricultural satellite data provider IT US A 20 25/04/2023 Statkraft Group (Statkraft Ventures) (lead); Blue Bear Capital, Hartree Partners, OTB Ventures, Freeflow Ventures, Cultivation Capital, Techstars, Santa Barbara Venture Partners, Expon Capital, Hemisphere Ventures
Axoni Provider of blockchain infrastructure automation software IT US N/A 20 26/04/2023 Citi, CME Group (CME Ventures), Deutsche Bank, HSBC, Intel (Intel Capital), JP Morgan, LSEG, UBS, Wells Fargo; The Environmental Justice Foundation (EJF Ventures) (lead), Laurion Capital Management, Communitas Capital, Andreessen Horowitz, Coatue, DCG, DCVC, FinTech Collective, Fidelity (F-Prime), Franklin Templeton, Goldman Sachs, Nyca Partners, Y Combinator
Relay Frontline team-focused cloud platform IT US A 13 26/04/2023 Wind River (Wind River Ventures); Sovereign’s Capital
Arado (formerly Clicampo) Online fresh produce marketplace Consumer Brazil A 12 25/04/2023 Grupo Globo (Globo Ventures), Syngenta (Syngenta Group Ventures); Acre Venture Partners (lead), Maya Capital, Valor Capital, SP Ventures
Niro Embedding lending software provider Financial India A 11 26/04/2023 GMO Internet Group (GMO VenturePartners), Mitsui Sumitomo Insurance (Mitsui Sumitomo Insurance Venture Capital); Elevar Equity, Rebright Partners
Radiant Biotherapeutics Antibody therapeutics developer Healthcare Canada Seed 8 25/04/2023 Alexandria Real Estate Equities (Alexandria Venture Investments); Amplitude Ventures (lead), Toronto Innovation Acceleration Partners, Facit, SickKids Foundation
Hakimo Provider of security camera analytics software Services US A 6 25/04/2023 Carrier Global Corporation (Carrier Ventures); Rocketship.vc (lead), Neotribe Ventures, Defy.vc, Firebolt Ventures, John Moss
Hana Kuma Narrative media production studio Media US N/A 5 20/04/2023 The SpringHill Company (lead), Epic Games, Fenway Sports Group, Kinoshita Group; Disruptive 
Cata Labs Developer of cross-chain liquidity layer for blockchains IT US Seed 4.2 26/04/2023 Wanxiang (HashKey Capital), Circle (Circle Ventures); Spartan Group (lead), Robot Ventures, Maven11, Alchemy Ventures, Superscrypt
Explico AI-equipped educational assessment platform Services Singapore Pre-A 1.4 26/04/2023 Mavis Tutorial Centre, Singapore Asia Publishers; Astonic Ventures Singapore 
Nkure Natural killer cell therapy developer Healthcare India Pre-A N/A 26/04/2023 Featherlite; Endiya Partners, Kotak Mahindra Group (Kotak Investment Advisors)
OpenStreet Operator of electric bicycle-sharing service Hello Cycling Transport Japan N/A N/A 27/04/2023 Itochu (Itochu Enex)
Edison Fu

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