31 January 2022 – Swiggy Swipes $700m in Series K

Swiggy swipes $700m in series K round

India-based food ordering service Swiggy has secured $700m in a series K round featuring internet groups Prosus’ subsidiary Prosus Ventures and Smile Group.

Boeing flies $450m to Wisk

Aerospace manufacturer Boeing invested $450m in US-based flying taxi developer Wisk, highlighting the interest from the industry in commercially viable vertical take-off and landing (VTOL) vehicles.

FTX US hauls in $400m

FTX US, part of Bahamas-registered cryptocurrency marketplace operator FTX Trading, raised $400m in a series A round featuring internet and telecommunications group SoftBank’s Vision Fund 2 at an $8bn valuation.

Deloitte Canada sets up $119m venture unit

US-based accountancy and consulting firm Deloitte’s Canadian subsidiary launched a CVC unit called Deloitte Ventures with $119m in capitalisation.

Jidu mobilises corporates to raise $400m

Internet group Baidu and carmaker Zhejiang Geely Holding Group provided $400m in series A funding for their China-based electric vehicle joint venture, Jidu.

Akili Interactive accedes to $1bn reverse merger

US-based digital therapeutics developer Akili Interactive agreed to a $1bn reverse merger, marking exits for pharmaceutical firms Merck Group, Amgen and Shionogi & Co.

Factorial Energy charges up $200m series D

US-based electric vehicle battery developer Factorial Energy completed a $200m series D round co-led by carmakers Mercedes-Benz and Stellantis.

Tuhu tilts towards Hong Kong IPO

Tuhu, the China-based owner of an online marketplace for car maintenance services, has filed for an initial public offering on the Hong Kong Stock Exchange that could mark exits for internet groups Baidu and Tencent.

ImmPact Bio forges ahead with $111m

US-based cancer treatment developer ImmPact Bio picked up $111m in a series B round from investors including pharmaceutical firms Bukwang Pharmaceutical and Novartis, the latter through its CVC unit Novartis Ventures Fund.

Sigfox seeks bankruptcy protection

Sigfox, the France-headquartered internet-of-things (IoT) technology provider, has filed for bankruptcy protection.

Marcelo Claure leaves SoftBank

Marcelo Claure, chief operating officer at Japan-headquartered telecommunications and internet group SoftBank Group and the driving force behind its Latin America corporate venturing funds, is leaving the company.


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

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