28 March 2022 – Hub Cyber Security organises $1.28bn reverse merger

Hub Cyber Security organises $1.28bn reverse merger

Israel-based cybersecurity technology provider Hub Cyber Security agreed to a reverse merger worth $1.28bn that will allow insurance group Axa to exit

Yuga Labs pulls in $450m

Yuga Labs, the US-based creator of non-fungible token collection Bored Ape Yacht Club, secured $450m in a seed round at a post-money valuation of $4bn.

Ramp climbs to $750m round

Ramp, a US-based provider of a corporate card for controlling spending, raised $750m in debt and equity financing from investors including digital payment technology provider Stripe.

Astronomer lands $213m in series C funding

US-based data analytics software provider Astronomer secured $213m in series C funding from investors including Salesforce Ventures.

Nio Capital drives to $400m second vehicle

Nio Capital, the China-based venture capital firm co-formed by electric vehicle (EV) manufacturer Nio, closed its second vehicle at about $400m.

Stellantis launches venture unit with $331m

Automotive manufacturer Stellantis has launched a $331m corporate venture capital vehicle, to invest in technology that could be applied to the automotive and mobility sectors.

OfBusiness spins off Oxyzo with $200m

Oxyzo Financial Services, the smart financing spinoff of India-headquartered material procurement and financing services provider OfBusiness, secured $200m in series A round.

Qualcomm crosses off $100m XR fund

US-headquartered semiconductor technology producer Qualcomm unveiled an investment vehicle that will provide up to $100m in funding for developers of metaverse technology.

Alphabet sends Sandbox AQ independent

Internet and technology group Alphabet is spinning off its quantum technology subsidiary, Sandbox AQ, with a nine-figure amount of funding.

Nexo executes $150m fund launch

UK-based cryptocurrency asset manager Nexo, formed a $150m corporate venture capital and M&A arm dubbed Nexo Ventures.

Slack Fund slides in $100m third fund

Slack Fund, the strategic investment vehicle formed by US-headquartered enterprise communication app developer Slack, has launched its third fund with $100m in capital.


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

23 May 2016 – Johnson & Johnson, Invitalia, Geodesic Capital, Kaspersky, Slack Technologies, Intel and more

Funds

Four Singapore-based companies – real estate company CapitaLand, data centre provider DeClout, agribusiness Wilmar and logistics provider YCH Group – have been awarded S$40m ($29.2m) to back local startups.

Johnson & Johnson expands JLabs to Canada.

Invitalia boosts fund to $74.5m.

US-based venture capital firm Geodesic Capital closed its inaugural fund at $335m with an anchor investment from Mitsubishi Corporation, a member of Japan-headquartered conglomerate Mitsubishi Group.

Intesa Sanpaolo partners Quadrivio for $135m fund.

United Media commits to $305m Meridian Capital China fund.

Liberty Mutual forms $150m fund with August investment.

Russia-based cybersecurity software provider has launched a corporate venturing unit that will invest up to $1m in startups.

E.Ventures, the Germany-based venture capital firm that counts mail order and e-commerce company Otto Group as a major investor, closed a $150m early-stage fund.

Caterpillar Ventures, the corporate venturing arm of construction equipment producer Caterpillar, provided an undisclosed amount on Tuesday for the latest fund to be raised by Switzerland-based venture capital firm Emerald Technology Ventures.

People

US-based messaging platform Slack Technologies has hired Jason Spinell as an investor for its corporate venturing unit, Slack Fund.

Bernhard Gold has left T-Venture, a corporate venturing subsidiary of telecommunications firm Deutsche Telekom, to join France-headquartered venture capital firm Iris Capital as managing director of its North American office.

Deals

US-based flat panel display technology developer Kateeva completed an $88m series E round with contributions from several corporate investors.

Personal Capital, a US-based digital wealth manager that counts financial services firms BBVA and USAA as strategic investors, secured $75m in funding yesterday.

Exits

Private equity firms Coller Capital, HarbourVest Partners and Lexington Partners are among the prospective bidders for a venture capital portfolio set to be sold by semiconductor maker Intel for about $1bn.

Intel sells half its stake in Intrasoft.


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