The Big Deal: Getir's cut-price Gorillas purchase shows groceries delivery sector in…
Corporate-backed Gorillas was bought for just $1.2bn and, together with competitor Oda's $151m down round, it looks like winter is here for grocery delivery services.
Daily Deal Round Up: November 10, 2022
NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.
Corporate VC deal value slumped 56% in October
There is no let-up yet in the investor pullback, but a series of big energy fundraises helped keep total deal value from falling further.
Daily Deal Round Up: November 9, 2022
Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.
Daily Deal Round Up: November 7, 2022
Cable One provided $50m for Ziply Fiber while Mercuria co-led a series C round the same size for The Mobility House.
Daily Deal Round Up: November 4, 2022
Paragon Biosciences was part of Emalex Biosciences’ $250m series D while CMA CGM and AP Moller participated in an $80m round for Project44.
Daily Deal Round Up: November 3, 2022
Databricks, Dell, HPE and Salesforce were all part of Alation’s $123m series E round while Alphabet took part in AMP Robotics’ $91m series C.
Daily Deal Round Up: October 28, 2022
Octopus Energy Generation invested $127m in Be.EV while Centene Corporation and HopeLab took part in Hazel Health’s $51.1m series C1 round.
Daily Deal Round Up: October 27, 2022
Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.
How Johnson & Johnson Innovation lasted 5 decades
The oldest standing CVC in the world owes its staying power to discipline, adaptability and unwavering management support says Debi Watson.
Daily Deal Round Up: October 26, 2022
Wells Fargo, Greystar, Invitation Homes and Prosus were part of Blit Rewards’ $150m round while Mouro Capital co-led Vesttoo’s $80m series C.
Daily Deal Round Up: October 25, 2022
Gradient Ventures participated in a $40m series A round for The Coterie’s while Legal & General led MoneyHub’s $39.5m series B.
Daily Deal Round Up: October 24, 2022
A range of corporates contributed to electric carmaker Aion’s $2.5bn series A round while Prosus took part in a $46m series E for farming services provider DeHaat.
Daily Deal Round Up: October 21, 2022
AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.
CVC investing declines 57% in value during Q3
The value of corporate-backed deals slumped in the third quarter, but sectors like energy and telecoms bucked the trend as did a few geographies like Israel.
Porsche's IPO follows CVC activity
In the run-up to the float, Porche's investment arm had invested in 18 companies, from hypercars to EV batteries and even bikes.
The Standout Six: The deals you need to know about this week
Healthcare companies may be driving a public markets recovery while Lunar Energy, helmed by Tesla's former head of energy, has emerged from stealth with $300m.
Deezer agrees $1.1bn reverse merger
The audio streaming service is set to list with help from a PIPE deal featuring Orange, Access Industries, Warner Music, UMG and Media Participations.