Sectors
Blockchain technology provider Venom Foundation is joining Iceberg Capital on a $1bn fund while BioNTech is paying $440m for portfolio company InstaDeep.
Kelun Pharmaceutical spinoff Kelun Biotech raised $581m in a round also featuring Merck & Co, while KreditBee hiked its MUFG-backed series D to $180m.
USAA, Samsung and UEM chipped in as Lumotive raised $13m, while Printpack and Braskem are exiting Nexus Circular in a $150m acquisition.
China Mobile and Hexie Health Insurance co-led Moore Threads’ $215m series B round while Eicher Motors provided $37.4m for Stark Future.
Mitsubishi UFJ Financial provided $200m for Akulaku while various Chinese corporates participated in Freetech’s $100m series B round.
Meituan led a $100m series C round for Qitan Tech while IAG Firemark Ventures led a $54m series D for TicToc.
Microsoft, Porsche and Molicel helped Group14 close a $614m series C round while Salesforce was among the investors in Mews’ $185m series C.
PragmatIC Semiconductor closed a $125m Saudi Aramco-backed series C round while Manulife provided $100m in funding for EDF spinoff PowerFlex.
State Power Investment Corporation spinoff State Fuel Cell Technology Corporation raised $648m while Mercedes Benz spinoff RepairSmith is being bought for $190m.
McCain Foods participated in a $150m round for GoodLeaf Farms while Shinsegae, YBM and SoftBank helped lift Mathpresso’s series C to $70m.
Keurig Dr Pepper paid over $860m for a 30% stake in Nutrabolt while corporate-backed Snapdeal cancelled a long-awaited IPO.
SoftBank contributed to a $700m round for sports memorablia retailer Fanatics while Drata, ShopBack and First Mode each notched up $200m.
GSK, Johnson and Johnson and Asahi Kasei helped take Pulmocide’s series C round to $144m while Slingshot raised nearly $41m from investors including Lockheed Martin.
Qualcomm Ventures led a $100m round for Frore while MUFG Bank and Motilal Oswal Group participated in KreditBee’s $80m series D.
Several new entrants to the corporate venturing sector could keep the number of active units above their pre-pandemic highs.
Cyberdontics' series A round is that rarest of things - a VC investment by a dental company. Why has the sector been underserved, and could it be about to change?
Alphabet led a $1bn round for its life sciences unit, PTT bets on insect startup and corporate-backed Propzy is set to shut down.
Hitachi grows its cell therapy portfolio, SoftBank slims down in India and Foresight Williams backs ID tags for diamonds.
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