Magic Eden‘s CVC arm backed 11 startups while Mitsubishi Electric, Mitsubishi and FEL took part in Astroscale’s $76m series G round.
Funds
Specialty insurance provider Amwins made a minority investment in Rhodian, an Australia-based startup incubator focusing on managing general agents.
Funding
US-based NFT-equipped video game studio Magic Eden’s corporate venturing arm, Magic Eden Ventures, has invested an undisclosed amount in 11 Web3 gaming platforms: Strider, Neowiz, Matchday, BR1, Epic League, Blockstars, Ring Games, Intella X, Lucky Kat, Rooniverse and Bunch.
| Company | Company description | Sector | Country | Round | Round size($m) | Deal date | Investors |
|---|---|---|---|---|---|---|---|
| Astroscale | Provider of orbit debris removal services | Industrial | Japan | G | 76 | 27/02/2023 | Mitsubishi Electric, Mitsubishi Corporation, FEL Corporation; Mitsubishi UFJ Bank, Development Bank of Japan, Yusaku Maezawa |
| Flock | Data-based insurance provider for automotive fleets | Financial | UK | B | 38 | 27/02/2023 | Commerzbank (CommerzVentures); Octopus Ventures (lead), Social Capital, Dig Ventures, Anthemis, Foresight Ventures |
| XL Batteries | Developer of organic flow battery technology | Energy and Natural Resources | US | Seed | 10 | 23/02/2023 | Xerox (Xeros Ventures); Catalus Capital (lead), SIP Global, Jeffrey Schwarz, Joel Greenblatt, Robert Goldstein |
| Funkey | Team building event planning service | Services | Belgium | N/A | 1.05 | 23/02/2023 | ING; PMV, five unnamed angel investors |
| P2 Science | Renewable feedstock developer | Energy and Natural Resources | US | N/A | N/A | 23/02/2023 | Heritage Group (Heritage Group Ventures), Chanel; Lewis & Clark AgriFood (lead), Elm Street Ventures, SaferMade |
| CenacleSoft | Cloud-based electronic medical record platfform | Healthcare | South Korea | C | N/A | 27/02/2023 | Naver (Naver Cloud) |
