Services

Several China-based corporate venture investors backed a large round valuing lithium-ion battery Shanghai Shanshan material producer at $1.5bn. The deal highlights the importance of battery technologies not only for the emerging kind of mobility applications but for the process of energy transition as a whole.

Corporations piled into the recruitment cloud platform’s $2.8m round, an indication of how SaaS technology is rapidly gaining a foothold at Japanese companies.

The Global Corporate Venturing deal net rounds up the smaller investments from across the corporate innovation ecosystem.

Shopify’s takeover of the logistics services provider will help close the gap with larger rivals like Amazon.

Mike Locker will oversee the home improvement product retailer’s new investment arm.

Web3 services provider Venly and genomic analysis technology provider Genome Insight each raised $23m while Rui Ye Lian helped Cedarlake Capital close a $189m fund.

Adevinta Ventures and Uniqa Ventures were among the investors in the second-hand car trading platform’s latest round, which included debt supplied by unnamed institutions.

Migdal and Menora Mivtachim helped renewable energy infrastructure developer Fu-Gen with fresh funding which will help expand its operations in the UK and Finland. This is a deal from the renewable energy space, which continues to see much momentum in the context of energy transition.

Content personalisation technology provider Movable Ink and carbon-negative concrete developer Brimstone each raised $55m, with Intel and Amazon respectively among the investors.

Info Edge's corporate venturing activities are being boosted by Singapore-owned Temasek, which is committing 50% of the capital for three of its funds.

Salesforce Ventures, an investor in the sales generation software developer since seed stage, returned for a round hiking its overall funding to $158m.