IT

The 10-person team at Prologis Ventures is on the smaller end of the scale but has made 37 investments over the past six years.

Each team member will do every part of the process, from scouting, selection to presenting ideas to the business units.

TDK Ventures started with a minimal team size while it was proving itself and grew it when the portfolio needed more support.

Capita Scaling Partner's equity-for-services model needs a team of 28, most focusing on finding synergies between the parent and the startup.

The short answer is: “It depends” (on strategy, focus and structure). A quick rule of thumb is 3 people per $100m in the fund.

Qualcomm bought portfolio company Cellwize for $350m while Northrop Grumman took part in a $135m round for radar technology producer Echodyne.

SR One co-led antibody therapy developer Ancora Biotech's $60m series A round while Al-Dhow Engineering helped coffee chain Flash Coffee secure $32.8m.

American Family helped digital auto insurance portal Branch secure $147m while Anthem, Optum and CVS Health all contributed to a $140m round for home care platform developer CareBridge.

GV participated in tech apprenticeship platform Multiverse’s $220m series D round while Amgen, UCB, UPMC and Takeda helped genetics disease drug developer Code Biotherapeutics raise $75m.

Q&A with Kevin Chen, partner, Lam Capital

GCV has spoken to several corporate and VC investors about the recent hit to Australia's startup scene following a post-lockdown deal surge.