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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)
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