Industrial

AddVentures, the corporate venturing arm of Thai conglomerate Siam Cement Group (SCG), has been named new entrant of the year in the 2017 Global Corporate Venturing Asia Congress awards. The fund was set up in June this year and will be funded by SCG to the tune of up to $85m over the next three to five years.

The huge strides made by Tencent Investment since 2015 are largely the result of its increased appetite for dealmaking on a grand scale as well as its willingness to look outside of China for new ventures.

Corporates Ginkgo Bioworks and Bayer have launched a plant microbiome technology startup that is equipped with $100m in series A funding.

For potential nominations to the 2018 GCV Rising Stars list, please contact me at jmawson@mawsonia.com

Genetics services company 23andMe, previously backed by Alphabet, Illumina, WuXi PharmaTech and Johnson and Johnson, secured a large $250m round.

JSR Corporation has added an undisclosed amount to a series B round backed by Tokyo Electron, that stood at $5m as of July this year.

The satellite operator has joined limited partners including Airbus and Telespazio, supplying an undisclosed amount for Seraphim Capital's space-focused VC fund.