Sinochem contributed to a total of $443m series B and pre-IPO funding for SolarSpace while Pernod Ricard took part in a $110m round for Fever.

People in Couch

Bankruptcy

The Central Jakarta district court has declared the bankruptcy of CoHive, an Indonesia-based coworking space operator backed by corporates Sinar Mas, SoftBank, Naver and Line (Line is now under Z Holdings, a holding company owned by SoftBank and Naver). It had raised a total of almost $38m as of 2019.

Funding

China-based solar cell manufacturer SolarSpace has raised a total of RMB3bn ($443m) across series B and pre-initial public offering rounds, PEdaily reported. Chemicals conglomerate Sinochem’s corporate venturing arm, Sinochem Capital, took part in the round, as did Shaanxi Shantou Capital Management’s EBI Investment unit and Yingke PE.

Company Company description Sector Country Round Round size($m) Deal date Investors
Fever Live-entertainment discovery platform Media US N/A 110 06/02/2023 Pernod Ricard (Convivialité Ventures); Goldman Sachs (lead), Eurazeo, Goodwater Capital, Alignment Growth, Vitruvian Partners, Smash Capital
Zeitview (formerly DroneBase) Drone imagery technology developer Industrial US N/A 55 07/02/2023 Hearst (Hearst Ventures); Valor Equity Partners (lead), Union Square…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Edison Fu

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

LEADERSHIP SOCIETY

Informing, connecting, and transforming the global corporate venture capital ecosystem.
The Global Corporate Venturing (GCV) Leadership Society’s mission is to help bridge the different strengths and ambitions of investors across industry sectors, geography, structure, and their returns.
Events
GCV Institute: Landing the Value of Corporate Venturing
May 6 -
May 9, 2024
Online
Events
Webinar: CVCs and the art of the follow-on
May 8, 2024
Online
Events
GCV Institute: CVC Investment Programs
May 21 -
May 22, 2024
Online
Events
GCV Symposium 2024
Jun 24 -
Jun 26, 2024
London (UK)
Events
Corporate Venture in Brasil 2024 – International Delegation to Brazil
Oct 28 -
Oct 30, 2024
São Paulo (Brazil)
© 2024 Mawsonia Ltd. All rights reserved.
test reg