Services

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.

Call centre software producer Replicant closed a $78m series B round backed by Salesforce Ventures while Ashvattha Therapeutics raised $69m from investors including strategic partner Huadong Medicine.

Vishal Gupta, formerly a director at the SoftBank division that oversees its Vision Funds, has joined TA Associates in a similar role.

Sector report: energy Q1 2022