Financial

We've condensed down three days of talks, networking and demos at the GCVI Summit in Monterey into these insights.

Three carmakers helped semiconductor producer CanSemi raise $670m while 574 Invest, RATP Group and Groupe Chopard backed a $167m round for vehicle charging network Electra.

Chanel and Kraft Group were among the investors in Evolved By Nature’s $120m series C round, while Prosus led a $39m series B for Sharebite.

Siemens and Volkswagen provided $450m for the latter's Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.

Massachusetts Mutual Life's corporate investment arm has more than doubled its available capital in just two years.

Former Experian Ventures investment director Chan Yip Pang has joined Vertex Ventures as an executive director.

If a CVC unit wants to bring in outside money, it needs a great track record, a unique angle and skin in the game.

GCV Powerlist mainstay Harrie Vollaard has announced his departure after five years at RFV and over two decades at its parent firm, Rabobank.

Susquehanna Growth Equity has led a $62m series B round for speech-to-text software provider Speechmatics, while Fidelity’s Eight Roads unit led digital asset data aggregator Kaiko's $53m series B.

The motor company CVC is launching its second Exploratory Fund vintage later this year.

Prosus helped B2B e-commerce platform ShopUp lift its series B round to $174m while SPIL Ventures co-led a $70m series C for trucking optimisation platform Deliveree.