Walmart invested another $200m in PhonePe while Polygon, Ripple and GSR are among the LPs in Blockchain Founders Fund’s $75m second vehicle.

Fund Blockchain technology provider Polygon, cryptocurrency services provider Ripple and crypto trading firm GSR are among the limited partners for Singapore-based venture capital firm Blockchain Founders Fund’s $75m Fund II. Octava, Neo Global Capital, Appworks, Sebastien Borget, LD Capital and Metavest Capital are also backers. Funding Hypermarket operator Walmart invested $200m in India-based digital payment platform PhonePe at a pre-money valuation of $12bn as part of a larger round sized up to $1bn. Walmart retains a majority stake and the deal followed $450m from General Atlantic, Ribbit Capital, Tiger Global and TVS Capital Funds in recent months. CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsAndesMicroorganism-based carbon dioxide extraction technology developerEnergy and Natural ResourcesUSA30 (updated)16/03/2023Yamaha Motor (Yamaha Motor Ventures), Bayer (Leaps by Bayer), Wilbur-Ellis (Cavallo Ventures); Voyager VC, KdT Ventures, Venturance, Germin8, Accelr8SpectrumAiAutism-focused behavioural therapy developerHealthcareUSA2016/03/2023CVS Health (CVS Health Ventures) (lead), Blue Cross and Blue Shield of Kansas City (Cobalt Ventures); Fidelity (F-Prime Capital), Frist Cressey, Autism Impact FundTravel WalletCross-border payment platformFinancialSouth KoreaC1517/03/2023Smilegate (Smilegate Investment), SK Group (SK Securities), BNK Financial Group (BNK Investment & Securities), CJ Corp (CJ Investment); Golden Oak InvestmentOpenLoopTelehealth services platformHealthcareUSA1516/03/2023UnityPoint Health (UnityPoint Health Ventures); Nava Ventures (lead), PrimeTime Ventures, KKCG Group (SpringTide Ventures), ManchesterStoryAlmentorArabic language video learning platformServicesUAEPre-C1016/03/2023E& (E& Capital) (lead); Partech, Sawari Ventures, Egypt Ventures, Sango Capital, Endure CapitalGéoflexGlobal navigation satellite system IndustrialFranceA6.416/03/2023Bouygues (Construction Venture), Stellantis (Stellantis Ventures), Thales (Thales Corporate Ventures); DemeterUtownMetaverse-based local event and activity aggregatorServicesSingaporeN/A4.716/03/2023Advance Intelligence Group, Sinar Mas (Sinar Mas Digital Ventures), Jagat; Northstar Group, East VenturesSmooth LabsBlockchain infrastructure providerITUSSeed214/03/2023Token Metrics; NGC Ventures (lead), Cogitent Ventures, ArkStream CapitalForesight NewsBlockchain and Web3 news outletMediaSingaporeSeed216/03/2023Wanxiang Group (Hashkey Capital); Foresight Ventures (lead), Arcane GroupThe Next 150Climate project services provider FinancialSwitzerlandSeed216/03/2023Kemexon24karatWeb3-based user engagement platformMediaJapanPre-A<1 ($900,000)16/03/2023Lotte (Lotte Ventures Japan), Mitsubishi UFJ (Mitsubishi UFJ Capital), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital); XTech and VotreColis.maLast-mile delivery servicesServicesMoroccoN/A<1 ($240,000)16/03/2023Akwa Group (Afrimobility)Standard RobotsIndustrial robotics technology developerIndustrialChinaCN/A17/03/2023Xiaomi (Xiaomi Industry Fund); CSC FinancialBang JaminAI-driven auto aggregatorFinancialIndonesiaSeedN/A17/03/2023Bank Rakyat Indonesia (BRI Ventures); Northstar GroupMatchWornShirtBlockchain-based sports memorabilia marketplaceConsumerNetherlandsN/AN/A16/03/2023ChilizDeepMotionAI-based 3D animation content generatorMediaUSN/AN/A16/03/2023Bandai Namco (Bandai Namco Entertainment 021 Fund)SuperGamingMobile game developerMediaIndiaN/AN/A16/03/2023Bandai Namco (Bandai Namco Entertainment 021 Fund)NeuetOperator of bicycle sharing service CharichariTransportJapanN/AN/A16/03/2023Toyoda GoseiFuture StandardProvider of AI-equipped image analytics platform ScorerITJapanN/AN/A16/03/2023IX Holdings

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Edison Fu

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