Services

Monthly analysis: June 2021

Innovative regions: California, New York, Massachusetts, Texas

The global electricity market is worth around $3 trillion a year and is only likely to get bigger. But if electricity power generation fails to keep up with demand securely and flexibly, what trade-offs need to be made for which devices gets what level of allocation?

The real estate-focused venture firm has secured Invitation Homes and Ivanhoé Cambridge as limited partners for a decarbonisation-focused fund.

Sector report: Information Technology

Target Global led the RGA-backed gamified life insurance platform’s series B round, which valued it at almost $350m.

Softbank enabled the cybersecurity software provider Cybereason to secure crossover financing at a valuation likely to have exceeded $3bn. This year seems set to be a record one for the broader corporate-backed cybersecurity space, with valuations spiking up.

MS&AD Holdings has put up an additional $80m for its corporate venture capital vehicle, two years after tripling its original commitment.

FedEx Express has provided the shipping and logistics service provider with fresh funding which will boost its pick-up and delivery services across India.

University and diversity-focused recruitment group Yello is merging with its corporate-backed counterpart in a bid to drive DEI hiring strategy.

Clean medicine developer Genexa roped in Unilever for its $60m series A round while Krafton led storytelling platform developer Pratilipi's $48m series D.