Services

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

The digital coaching app developer pushed its overall funding past $330m in a series C round co-led by SoftBank Vision Fund 2.

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.

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

It pays to invest in these companies. Research shows they are less likely to fail and will attract two to three times more investment.

The number of corporate-backed deals dropped by 13% year-on-year in May, the first clear sign that the market pullback is having an impact.

Envision Group’s Envision Digital subsidiary raised $210m in series A funding while Sarnoff Corporation’s Intuity Medical spinoff will shut down at the start of July.

With a new $500m vehicle, Binance became the latest crypto company to amass huge piles of capital to build up the industry.

Biren Technology helped provide $120m for CPU producer HJ Micro while ArcelorMittal is set to invest $100m a year through its XCarb Innovation Fund and Accelerator Programme.