SoftBank helped the on-demand laundry service push its valuation past $250m, a rare occurrence in a sector that's so far failed to catch fire.
Failure rates are high for VC-backed companies, and corporate-backed startups are not exempt. But which have been the biggest recent flops that left corporate investors licking their wounds?
Why more corporate venturing units are choosing a more independent legal footing for their funds.
NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.
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.
Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.
Xiaomi provided $68.9m in series C funding for Atech Automotive while Intel and Micron were part of Eliyan’s $40m series A round.
DSG Ventures has launched with five investments and marks the rare instance of a sports retailer launching a strategic fund.
Cable One provided $50m for Ziply Fiber while Mercuria co-led a series C round the same size for The Mobility House.
The Amazon Climate Pledge Fund has pledged to invest more than $50m in female-led climate technology companies and has teamed up with USAID for the project.
Paragon Biosciences was part of Emalex Biosciences’ $250m series D while CMA CGM and AP Moller participated in an $80m round for Project44.
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.
Sumitomo Corporation of Americas took part in ColdQuanta’s $100m series B round while Tesi provided $31.6m in series B funding for VoltAero.
Parin Shah’s interim position came after the unit announced its closer integration with Lego’s parent firm, Kirkbi.
SoftBank helped the on-demand laundry service push its valuation past $250m, a rare occurrence in a sector that's so far failed to catch fire.
Failure rates are high for VC-backed companies, and corporate-backed startups are not exempt. But which have been the biggest recent flops that left corporate investors licking their wounds?
Why more corporate venturing units are choosing a more independent legal footing for their funds.
Parin Shah’s interim position came after the unit announced its closer integration with Lego’s parent firm, Kirkbi.
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