Axa IM Alts co-led a $106.5m round for bacterial therapeutics startup Vedanta while Bloomberg Beta participated in generative AI developer Replit’s $97.4m series B.

Crop laboratory technician examining interaction of chemicals in practical test modern lab


Workflow management software provider ServiceNow anchored the first close of the debut fund for US-based, enterprise software-focused venture capital firm Smith Point Capital, Smith Point Capital Fund I. Hillman Company, Solamere Capital and David Tepper were among the other limited partners for the fund, which is on its way to a $400m cap.


US-based insurance product comparison marketplace Policygenius agreed to an acquisition of undisclosed size by digital insurance technology provider Zinnia, allowing insurers Aegon, Axa, Brighthouse Financial, Global Atlantic Financial, IA Financial, Lincoln Financial, Massachusetts Mutual Life and Pacific Life to exit. Policygenius had raised $276m as of its $125m series E round in March 2022.

BMC, a provider of digital enterprise software, purchased Model9 Software, a US-based developer of technology for…

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Edison Fu

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