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Fundraising

Corporate-backed funding rounds spike in October

Multi-billion dollar funding rounds for OpenAI and Waymo lifted the dollar value of CVC-backed rounds to levels last seen in 2022. But there's an underlying rise in deal numbers, too.

Nov 7, 2024

Saudi Aramco's Wa'ed investment unit reserves $100m for AI deals

The petroleum producer's $500m venture fund wants to back startups that can help Saudi Arabia become an artificial intelligence tech hub in the Middle East.

Oct 28, 2024

Crypto VC Gate Ventures and blockchain firm Movement Labs form $20m fund

The initiative, also backed by Thai family office VC Boon Ventures, will target blockchain projects specialised in Move, the programming language by Movement Labs.

Oct 14, 2024

Brazilian university operator Grupo Integrado launches CVC

Formed in partnership with accelerator Founders Club, the CVC announced its first investment in embedded finance platform Baasic.

Oct 4, 2024

Pangaea Ventures on the hunt for Asian deeptech with new $85m fund

The Canadian venture firm is opening an office in Asia as Asian corporations flock to invest in its fifth fund and largest fund.

Sep 30, 2024

Japanese ketchup maker Kagome launches $50m CVC fund

Formed in association with US venture firm SVG Ventures, the Sunrise Fund will back early-stage agritech startups.

Sep 26, 2024

Salesforce Ventures doubles AI commitment to $1bn with new fund

The CVC unit has formed a second $500m fund, having invested in two dozen artificial intelligence startups, including Anthropic, Mistral and Cohere, in the past 18 months.

Sep 17, 2024

Insurance companies back PruVen Capital's new $379m fund

PruVen Capital's first fund had one corporate backer. Its second sees contribution from multiple insurance companies.

Sep 5, 2024

Other News

Illumina Ventures seeks $300m for third fund

SEC filings show the CVC wants to raise its third nine-figure fund to back biotech startups.

Aug 23, 2024

Chinese vacuum cleaner maker Dreame launches $1.5bn CVC

The Chinese unicorn, last valued at $2.8bn, will back AI and robotics startups through two funds under the newly formed Empyrean Venture.

Aug 23, 2024

Thai bank Krungsri’s CVC launches $38m private equity trust

Finno Efra will invest in Thai and Southeast Asian seed to pre-series A tech startups, supplying up to $1.2m per deal.

Aug 22, 2024

“There is a surge of activity” – why media for equity is…

Media for equity is on the rise and Uber, Airbnb and Pinterest have all used it, but what kind of startup and what kind of media company is it right for?

Aug 15, 2024

Investment heatwave in July: CVC rounds went up across geographies and sectors

The US stood out as July continued a strong summer for corporate venture activity on the back of AI penetrating more industries, according to GCV data.

Aug 9, 2024

OKX CVC and Aptos launch a $10m web3 and crypto fund

The CVC arm of crypto exchange OKX has partnered with Aptos to launch a new fund targeting web3 and cryptocurrency projects.

Aug 6, 2024

Editor's Picks

The Atlanta Hawks have a VC fund — but it isn't targeting…

David Garcia, head of National Basketball Association team the Atlanta Hawks' venture fund, is targeting consumer experience ventures rather than sports technology.

Jul 21, 2023

Coke launches $137.7m sustainability fund

The beverage giant and eight of its bottlers are pitching in to invest in sustainability across their ecosystem.

Jul 14, 2023

Fonterra launches NSS fund

The New Zealand dairy producer’s Nutrition Science Solutions unit has disclosed a $10m investment in US microbiome startup Pendulum.

Jun 13, 2023

Rome's airport operator announces early-stage fund

ADR Ventures will invest in travel, hospitality and aviation technology on behalf of Aeroporti di Roma and fund graduates of its Fiumicino Innovation Hub accelerator.

Jun 2, 2023
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