24 January 2022 – Crypto.com Expands Fund to $500m and Brings on Russell

Crypto.com expands fund to $500m and brings on Russell

China-headquartered cryptocurrency exchange Crypto.com has expanded its corporate venturing unit’s fund to $500m, becoming the latest crypto exchange to beef up its investment subsidiary.

Animoca Brands embraces $359m in funding

China-based gaming and blockchain technology developer Animoca Brands raised some $359m from investors including cryptocurrency exchange Gemini and internet group Smile Group as it continues to ramp up strategic investments.

FTX sets up $2bn fund and hires Wu

FTX Trading, a Bahamas-registered cryptocurrency marketplace operator, has set up a $2bn corporate venture capital fund and hired Amy Wu over from venture capital firm Lightspeed Venture Partners to run it.

Mythical Games scores Polystream acquisition

Blockchain game developer Mythical Games bought UK-based metaverse streaming technology developer Polystream for an undisclosed sum, providing exits for chipmaker Intel and game publisher Wargaming Group.

SoftBank sinks funding into Shoplazza and Big Health

SoftBank’s Vision Fund 2 has led funding rounds for two North American companies in as many days, backing Shoplazza and Big Health.

SoftBank backs Qraft for its portfolio

Softbank provided $146m South Korea-based financial management software provider Qraft Technologies.

Shell pumps $1.4bn into ventures

UK-listed energy group Shell has set up a dedicated $1.4bn corporate venturing fund aimed at accelerating the energy transition.

Investors ride Wayve to $200m series B

UK-based self-driving technology developer Wayve completed a $200m series B round featuring software provider Microsoft, online grocer Ocado and conglomerate Virgin, taking the company’s overall funding to more than $258m.

Verana Health mines $150m

Pharmaceutical firms Johnson & Johnson and Novo have co-led a $150m series E round for US-based clinical data platform developer Verana Health, highlighting the growing importance of data analytics in the healthcare market and taking Verana’s total funding to $287m.

ByteDance bids goodbye to investment team

ByteDance, the China-headquartered owner of short-form video app TikTok, has reportedly closed its corporate venturing unit.


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

29 November 2021 – J&T Express Gets $2.5bn Funding Delivery

J&T Express gets $2.5bn funding delivery

Indonesia-headquartered logistics provider J&T Express has received $2.5bn in funding from investors including internet and gaming group Tencent at a valuation of $20bn as the company is getting set for an initial public offering in Hong Kong in early 2022.

Deliverr captures $250m in series E round

US-based e-commerce fulfilment service Deliverr – which provides logistics and fulfilment services for online merchants such as Amazon, Walmart, Ebay and Target – secured $250m in a series E round featuring logistics, real estate and investment management firm GLP at a $2bn valuation.

Impossible Foods bites down on $500m

Impossible Foods, the US-based vegetarian meat product manufacturer backed by internet and technology conglomerate Alphabet, closed its latest funding round at $500m.

SoftBank backs LTK with $300m

US-based influencer marketing platform developer LTK secured $300m in funding from telecommunications and internet group SoftBank’s Vision Fund 2 at a $2BN valuation.

Ionity plugs into $786m

Ionity, the Germany-headquartered electric vehicle charging network, raised €700m ($786m) from its existing backers in addition to investment management firm BlackRock.

Lancium mines $150m in funding

Conglomerate Hanwha Group led a $150m funding round for US-based renewable energy software developer Lancium through its chemical production subsidiary Hanwha Solutions.

Gemini signs up for $400m round

Digital payment technology provider Mogo revealed it was among the investors in the $400m funding round recently disclosed by US-headquartered cryptocurrency trading and storage platform developer Gemini.

Coinbase buys BRD to boost crypto offering

Cryptocurrency exchange Coinbase has acquired Switzerland-based cryptocurrency wallet developer BRD for an undisclosed sum, marking exits for corporates SBI Holdings, Ripple, OKWave and Credit Saison.

Global-e to absorb Flow Commerce for $500m

Cross-border e-commerce services provider Global-e agreed to acquire US-based cross-border e-commerce tools provider Flow Commerce for up to $500m, marking an exit for corporates American Express and Li & Fung Group.

Vigil Neuroscience files for IPO

US-based neurodegenerative disease drug developer Vigil Neuroscience has filed for an initial public offering on the Nasdaq Global Market, setting a $100m placeholder target for the offering and marking a potential exit for pharmaceutical firm Amgen.

Telenor and CP explore Thai investment vehicle

Norway-headquartered telecommunications firm Telenor and Thailand-based conglomerate CP Group plan to merge their telecommunications subsidiaries in Thailand in a deal worth approximately $8.6bn, as they also plan to collaborate on a joint corporate venturing effort.

Kompas points towards $160m investment vehicle

Kompas, a Denmark-headquartered venture capital partnership has formed a $160m inaugural fund anchored by building materials manufacturer VKR Holding.


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0

22 November 2021 – Braze Breaches Public Markets in $520m IPO

Braze breaches public markets in $520m IPO

US-based customer engagement technology provider Braze floated on the Nasdaq Global Select Market in a $520m IPO, marking an exit for financial services firm Citi.

Expensify executes $302m initial public offering

Expensify, the US-based expense management software producer backed by cybersecurity services provider Barracuda Networks, closed its own IPO at $302m.

SoundHound sorts out $2.1bn reverse merger

SoundHound, a US-based voice intelligence software provider backed by corporates Tencent, Daimler, Hyundai, Midea Group, Orange, Sompo, Samsung, Nvidia and Recruit, agreed to list through a reverse takeover with Archimedes Tech SPAC Partners Co at a pro forma valuation of $2.1bn.

Gett hails reverse merger deal

Israel-based ride hailing service Gett, which counts carmaker Volkswagen and conglomerate Access Industries as backers, agreed to a $1bn reverse takeover with special purpose acquisition company Rosecliff Acquisition Corp I.

Lacework leans into $1.3bn

Cybersecurity software provider Lacework received $1.3bn in funding from investors including data software producer Snowflake and mass media group Liberty Global.

Gemini signs up for $400m round

Cryptocurrency trading and storage platform developer Gemini secured $400m in funding from investors including financial services firm Commonwealth Bank of Australia, with Morgan Creek Capital’s Morgan Creek Digital subsidiary leading the round at a $7.1bn valuation.

Forte blocks in $725m in funding

Blockchain gaming technology developer Forte, which provides blockchain technology that enables game developers to create internal economies for video games through NFTs, raised $750m in a series B round backed by multiple gaming and media corporates.

Expel gets series E $140m injection

Internet and technology group Alphabet’s growth-stage investment vehicle, CapitalG, co-led a series E round for US-based cybersecurity technology developer Expel sized at over $140m.

FBN harvests $300m in funding

Online farmer network platform Farmer’s Business Network (FBN) raised $300m in a series G round featuring food processing and commodities trading company ADM and internet and technology conglomerate Alphabet, which invested respectively through their ADM Ventures and GV units.

3one4 Capital takes Krafton-backed fund to $135m

India-based venture capital firm 3one4 Capital aims to roughly double the size of a third fund, backed by game developer Krafton, to approximately $202m.

Corporates bet on $100m Bits x Bites fund

China-based agriculture and food-focused venture capital firm Bits x Bites has closed its second fund at $100m with backing from corporates Esco Lifesciences, Syngenta, Adisseo and Wilbur Ellis.


“Funky Chunk” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0