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 Ventures, Upfront Ventures, Euclidean Capital, Energy Transition Ventures
Baseconnect Sales support data platform IT Japan B 41 07/02/2023 Z Holdings (Z Venture Capital) (lead), Japan Post (Japan Post Capital), Uzabase, Salesforce (Salesforce Ventures), NTT Docomo (NTT Docomo Ventures), En Japan; Jafco, Kyoto Shinkin Bank (Kyoshin Innovation C Fund), undisclosed other investors (equity); Mizuho Bank, Mitsubishi UFJ Bank, Bank of Kyoto, Kiyo Bank, Japan Finance Corporation, Shoko Chukin Bank (debt)
IgGenix Peanut allergy treatment developer Healthcare US B 40 06/02/2023 Alexandria Real Estate Equities (Alexandria Venture Investments) (lead), Eli Lilly; Khosla Ventures, Sean Parker, AllerFund
Magic Developer of software code generation technology IT UK A 23 06/02/2023 Alphabet (CapitalG); Nat Friedman, Elad Gil, Amplify Partners, Noam Brown, Mehdi Ghissassi, Bryan Pellegrino, Arthur Breitman, 10x Founders, Adam Jafer & Fredrik Hjelm, Klaudius Kalcher & Roland Boubela, Xavier Sarras, Florian Huber, Daniel Dippold
Toggle Provider of automation technology for manufacturing construction materials Industrial US A 11 (Updated) 02/02/2023 Tokyu Construction; Tribeca Venture Partners, Blackhorn Ventures, Point72 Ventures, Twenty Seven Ventures, Empire State Development (New York Ventures)
VflowTech Vanadium-based redox flow battery developer Energy and Natural Resources Singapore A 10 07/02/2023 İnci Holding; RealTech Holdings (co-lead), Seeds Capital (co-lead), Wavemaker Partners (co-lead), Sing Fuels (co-lead), Michael Gryseels (co-lead), Pappas Capital, Carbon Zero Venture Capital
Aba Nursing robotics technology developer Services Japan N/A 9.1 07/02/2023 T&D Holdings (T&D Innovation Fund), Hakuhodo DY (Hakuhodo DY Future Design Fund), Sony (Sony Innovation Fund), Sumitomo Mitsui Banking Corporation (SMBC Venture Capital), Sintokogio, Asahi Broadcasting Group (Social Interaction Design Fund); i-Nest Capital, Ikemori Venture Support, Mistletoe Japan
Peggy Contemporary art marketplace Consumer Canada N/A 8 07/02/2023 Z Holdings (Z Venture Capital) (co-lead); Real Ventures (co-lead), Garage Capital (co-lead), Portage (co-lead), Nomad Capital (co-lead), Bob Harding, David Marcus, Tinie Tempah
Skipperi Boat share subscription and rental service Transport Finland A 7.5 07/02/2023 Yamaha Motor (lead); Baltiska Handels Sverige, Matu Capital, HP Capital
Cellvie Mitochondrial transplantation technology developer Healthcare US N/A 5.5 06/02/2023 Taiho (Taiho Ventures) (lead); Kizoo Technology Capital
HowNow Employee onboarding and training platform Services UK A 4.7 07/02/2023 Pearson (Pearson Ventures); Mercia Asset Management 
WizWe  Operator of language learning platform Smart Habit Services Japan N/A 4.1 07/02/2023 M3, Suntory, Direct Marketing Mix, Fusion Marketing, AI Cross (AIX Tech Ventures); Mobile Internet Capital
Nodus Oncology DNA damage response molecule developer Healthcare UK N/A 2.9 07/02/2023 Cumulus Oncology (co-lead); Khanu Management (Khan Technology Transfer Fund I) (co-lead)
Overworld Digital collectible-equipped multiplayer gaming studio Media UK N/A 2.5 06/02/2023 Xterio
Smart Green Shipping Developer of wind-powered shipping technology Transport UK N/A 1.6 06/02/2023 Mitsui OSK Lines (MOL Drybulk); Scottish Enterprise
Flatfee Legal and administrative services marketplace Services US N/A <1($900,000) 03/02/2023 Bixin (Bixin Ventures) (co-lead); Zino Ventures (KungHo Fund) (co-lead)
Edison Fu

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