- Daily Deal Round Up: December 1, 2021 •
- Jobandtalent recruits SoftBank for $500m series E •
- WM Motor refuels with $457m •
- Commonwealth Fusion Systems sparks $1.8bn series B •
- Zepeto secures $190m in series B •
- Via drives to $130m series G round •
- CloudTrucks floats to $115m series B •
- Harrison.ai captures series B funding •
- Fundbox rakes in $100m •
- HotSpot Therapeutics heats up with $100m •
- Carro zooms to $100m •
- Quantum jeopardy and the march of artificial intelligence •
Fundraising
Legend Capital lets in $177m for healthcare fund
The Legend Holdings-formed venture capital firm is reportedly seeking $300m for the final close of its latest dollar-denominated healthcare vehicle.
Speedinvest enlists corporates for sustainability fund
Knapp, Greiner and Heinzel Group are among the limited partners in Speedinvest's $90.8m Climate & Industry Opportunity fund.
Telenor and CP explore Thai investment vehicle
Telenor and CP Group are considering setting up a corporate venturing fund with up to $200m in capital as part of a potential merger of their Thai telecoms units.
Indonesia launches corporate-backed venture fund
Telkom Group, Bank Mandiri and Bank BRI have backed Merah Putih Fund’s first close, reportedly sized at a hundreds of millions of dollars.
Kompas points towards $160m investment vehicle
VKR Holdings is a cornerstone investor of the venture partnership’s Fund 1, which will back early-stage companies developing technologies designed to alleviate climate change.
Prime Sazze Partners picks corporates for $127m fund
LG and Hana Financial are anchoring the venture capital firm’s sophomore vehicle as it gets set to deploy capital across Asia and North America.
Miaki makes space for SM² accelerator
The joint initiative formed by digital product provider Miaki, SOSV and SBK will target Bangladesh-based seed-stage tech startups, having already chosen three candidates for a maiden cohort.
Fubon finds $20m for BlueRun Ventures
Fubon Financial Holdings' insurance subsidiary is investing $20m in return for a 2.4% stake in BlueRun Ventures' BRV Lotus Fund III.
Other News
Thai Wah to create food-focused venture unit
The food product manufacturer is set to launch a subsidiary to make investments in the food supply chain.
Sunway summons Kejora for $25m fund
Conglomerate Sunway helped establish venture capital vehicle Orbit Malaysia, which has secured the state-owned Mavcap as anchor investor.
3one4 Capital takes Krafton-backed fund to $135m
Krafton is among the limited partners in the venture capital firm's latest fund, which has just has its targeted close doubled.
uFaber to enlighten with accelerator initiative
The bespoke education programme operator’s $1.4m startup accelerator will focus on edtech startups in a bid to explore hitherto unknown technologies.
Corporates bet on $100m Bits x Bites fund
Corporate LPs Syngenta, Adisseo, Esco Lifesciences and Cavallo Ventures all contributed to the agriculture-focused venture firm's sophomore fund.
Zomato dishes up $175m in investments
The food ordering service has invested in Shiprocket, CureFit and Magicpin and is targeting $1bn in corporate venturing commitments.
Editor's Picks
Munich Re Ventures introduces $500m Fund II
The reinsurance provider's corporate venturing arm is bolstering its portfolio development activities alongside the launch of its latest fund.
Herbst leaves Nvidia to set up GFT Ventures
Jeff Herbst has departed from his role heading Nvidia GPU Ventures to join Samsung Ventures alumnus Jay Eum at the recently formed GFT Ventures.
Brazil adds triple fundraisings
The three funds comes as Daniel de Macedo switches role and a new trade body committee is set up for CVCs.
Orange spins off corporate venturing unit
Orange Ventures has been spun off into an independent venture firm with an extra $426m from its former parent company, and added Mathieu de La Rochefoucauld as managing partner.
About us
Global Corporate Venturing (GCV) is where global innovation and capital converge to define, invest and shape the world of tomorrow. We provide the world’s investors and the wider innovation ecosystem with the information, insights, collaboration and access they need to succeed in a constantly changing world.
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