Industrial

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Deeptech Labs, an incubator backed by Cambridge Innovation Capital, has announced its inaugural cohort of five startups that have each received $485,000.

Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.

Transcarent has raised $58m from Bayer and Merck, while Nvidia has bought DeepMap, one of its portfolio companies also backed by Bosch.

A total of 40 property owners, operators and developers have helped the real estate-focused venture firm close its sophomore vehicle.

Founded in 2017 with a $150m commitment, Crescent’s corporate venturing unit, CE-Ventures, has already invested more than $136m.

MetaVC has licensed about 200 patents on metamaterials from Intellectual Ventures for its companies to use.

Michael Dolbec had been executive managing director for GE Ventures, the corporate venturing unit of industrial conglomerate General Electric, since late 2012.