16 May – SoftBank chips into Bucketplace’s $182m round

SoftBank chips into Bucketplace’s $182m round

SoftBank Ventures Asia has taken part in a $182m round for South Korea-based interior design platform operator Bucketplace.

Carbon Clean captures $150m in series C

Carbon Clean, a UK-based carbon capture technology developer, raised $150m in series C funding led by Chevron Technology Ventures.

Lev lifts up $170m series B round

Lev, a New York-based online commercial real estate financing platform, secured $170m in debt and series B equity funding from investors including real estate manager JLL and financial services firms Capital One and Citi.

Big banks invest in crypto platform Talos

Talos, a New York-based crypto asset trading platform, received $105m in series B funding from investors including financial services firms Citi, Wells Fargo, Fidelity and Siam Commercial Bank, as well as trading firm DRW and payment processor PayPal.

Observe sees $70m in series A-2 round

Observe, a California-based performance management observability platform, raised $70m in a series A-2 round that featured Capital One Ventures.

Amazon challenger Byrd delivers $56m series C

Byrd, a Vienna-based e-commerce logistics company, hauled in $56m in series C funding from investors including financial services company Raiffeisen Bank International.

Paymob receives $50m contactless payment

Payment processor PayPal co-led a $50m series B round for Egypt-based digital payment services provider Paymob.

Privyr pinpoints $6m series A round

MassMutual Ventures Southeast Asia (MMV SEA), a corporate venturing vehicle for insurance firm Massachusetts Mutual Life, has led a $6m series A round for Singapore-based customer relationship management platform Privyr.

Energie 360° goes in for EV tech startups

Gas and energy company Energie 360° has invested in electric vehicle technology companies ChargeX and Ubiq through its Smart Energy Innovation Fund.

TotalEnergies winding down CVC to focus on accelerator

France-based oil and gas producer TotalEnergies is winding down its CVC unit and opting to focus on its accelerator, with unit chief Francois Badoual telling GCV that the organisation was “changing gears”.

Inx International Ink launches $50m fund

US-based printing ink and coating manufacturer Inx International Ink formed a $50m corporate venture capital vehicle.

L’Oréal believes China is worth it

France-based cosmetics producer L’Oréal has formed an investment company in Shanghai.


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

18 April 2022 – Epic Games scores $2bn in corporate funding

Epic Games scores $2bn in corporate funding

Consumer electronics group Sony and toy brand Lego’s parent company Kirkbi each invested $1bn in US-headquartered video game producer Epic Games at a $31.5bn valuation.

SoftBank to spin off Latin America fund

Internet and telecommunications group SoftBank announced it is spinning off its Latin America Fund into an independent vehicle called Upload Ventures.

Gaojing gathers $251m in series A funding

China-headquartered solar wafer producer Guangdong Gaojing Solar Energy Technology has raised $251m in a series A round featuring solar cell provider Shanghai Aiko Solar Energy and home appliance manufacturer Midea.

Voyager Innovations sails to $210m

Philippines-based financial technology app developer Voyager Innovations received $210m in a funding round led by quantitative trading firm Susquehanna International Group.

Pax8 tacks on $185m

Pax8, the US-based operator of an online marketplace for cloud software products, secured $185m in a funding round led by SoftBank’s Vision Fund 2 at a $1.7bn valuation.

Nord Security raises $100m in first external round

Lithuania-based internet privacy and security software provider Nord Security secured $100m from investors including media company Hubert Burda in its first external round.

Perforce pursues Puppet acquisition

Software development tool provider Perforce agreed to acquire US-based software automation technology developer Puppet for an undisclosed sum, allowing corporates Cisco, VMWare and Alphabet to exit.

Robert Bosch fires off Five acquisition

Industrial technology manufacturer Robert Bosch agreed on acquire UK-based autonomous driving technology developer Five for an undisclosed sum, providing exits for conglomerate Sistema and insurance provider Direct Line.

Northwell brings forth $100m healthcare incubator

US-based healthcare provider Northwell Health launched a healthcare company building platform called Ascertain with venture studio Aegis Ventures.


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

04 April 2022 – Instacart snips valuation to $24bn

Instacart snips valuation to $24bn

US-based online grocery delivery service Instacart, which is backed by corporates American Express, Comcast and Amazon, is cutting its valuation from $39bn to $24bn.

GoTo gets $1.1bn in initial public offering

GoTo Group, the Indonesia-based joint venture between ride hailing platform operator Gojek and e-commerce group Tokopedia, has floated in a $1.1bn IPO.

AN2 Therapeutics prices $69m IPO

US-based lung disease therapy developer AN2 Therapeutics, which counts pharmaceutical firm Brii Biosciences as a backer, has raised $69m in an IPO.

Liberty Strategic Capital to buy Zimperium for $525m

US-based mobile security platform developer Zimperium, which counts corporates SoftBank, Telstra, Toyo Corporation and Samsung as investors, agreed to a $525m acquisition by private equity firm Liberty Strategic Capital.

LetsGetChecked to buy Veritas Genetics

At-home diagnostic test provider LetsGetChecked agreed to acquire US-based genetic testing technology developer Veritas Genetics for an undisclosed sum, providing exits for pharmaceutical firms Eli Lilly and Jiangsu Simcere Pharmaceutical.

JD Property houses $800m

E-commerce group JD.com’s real estate services subsidiary, JD Property, has raised approximately $800m in series B funding.

WeRide zooms to $400m

China-based autonomous driving technology producer WeRide has raised $400m from investors including car manufacturer GAC and industrial technology and appliance manufacturer Robert Bosch.

Soterea buckles up $204m

Insurance group Ping An has led an over $204m series B round for China-based driving safety technology provider Soterea.

Nova Labs surges to $200m series D

US-based decentralised wireless communications technology provider Helium rebranded to Nova Labs, having secured $200m in series D funding from investors including Alphabet, Goodyear, Liberty Global and Deutsche Telekom.

Deepki tracks Statkraft to raise $167m

Deepki, the creator of a software platform which tracks ESG data for the real estate sector, secured $167m in series C funding from investors including power producer Statkraft.

LayerZero Labs stacks up $135m

Canada-based blockchain technology developer LayerZero Labs secured $135m in a funding round co-led by cryptocurrency exchange FTX.

Tishman Speyer tips $100m into venture fund

US-based real estate developer Tishman Speyer has raised $100m for a property technology-focused venture capital fund.


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

21 March 2022 – FinAccel calls off $2.5bn reverse merger

FinAccel calls off $2.5bn reverse merger

FinAccel, a Singapore-headquartered buy now pay later service backed by corporates Singapore Telecommunications, Telkom Indonesia, Telkomsel, Naver and GMO, has scrapped a planned $2.5bn reverse merger due to unfavourable market conditions.

GoTo targets $1.1bn in initial public offering

GoTo, the Indonesia-based amalgamation of ride hailing service Gojek and e-commerce marketplace Tokopedia, plans to raise $1.06bn in an IPO on the Indonesia Stock Market.

Leapmotor looks to Hong Kong flotation possibilities

Leapmotor, the China-headquartered electric vehicle producer that counts corporates Dahua Technology, Shanghai Electric and CRRC among its investors, has filed for an IPO on the Hong Kong Stock Exchange.

SoftBank sells $1bn in Coupang shares

SoftBank has divested $1bn of shares in South Korea-based, New York-listed e-commerce group Coupang.

SentinelOne to acquire Attivo

Cybersecurity technology provider SentinelOne agreed to buy US-based cybersecurity and identity protection software developer Attivo Networks for $617m in cash and stock, allowing exits for semiconductor distributor Macnica and telecommunications company Singtel.

Zomato links to Blinkit in $750m deal

Restaurant listings and food delivery service Zomato has agreed to acquire rapid delivery service Blinkit, in an all-stock deal valued between $700m and $750m.

ConsenSys collects $450m in series D round

US-based blockchain technology provider ConsenSys secured $450m in series D funding from investors including SoftBank’s Vision Fund 2, software provider Microsoft and talent agency United Talent Agency (UTA) at a $7bn valuation.

Knock opens doors to $220m

US-based property purchase finance provider Knock received $220m in equity and debt financing from investors including financial services firm First American Financial and real estate trade organisation National Association of Realtors.

Vestaire Collective to scoop up Tradesy

US-based luxury fashion marketplace Tradesy agreed to a takeover by luxury fashion e-commerce platform Vestaire Collective for an undisclosed sum, allowing conglomerate Virgin Group to exit.

SoftBank turns $100m Opportunity Fund evergreen

SoftBank it is converting its $100m SB Opportunity Fund to an evergreen vehicle to continue investing in underrepresented founders.

Luno launches investment arm to support crypto

UK-based digital assets services provider Luno unveiled a corporate venturing unit to invest in crypto and financial technology, effectively taking over the seed-stage investment activity of parent company Digital Currency Group (DCG).

OTA Insights books Transparent acquisition

Transparent, a Spain-based provider of data for short-term rentals, has been purchased by hospitality business intelligence provider OTA Insight for an undisclosed sum, allowing air carrier JetBlue to exit.


“Funky Chunk” Kevin MacLeod (incompetech.com)
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07 March 2022 – CommerzVentures collects $335m for third fund

CommerzVentures collects $335m for third fund

CommerzVentures, the venture capital firm financed by Germany-based financial services firm Commerzbank, launched its $335m third fund.

SoftBank delivers $425m for Weee

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $425m series E round for Weee, a US-based delivery service focusing on ethnic and geography-specific groceries.

Payhawk flies to $215m

UK-headquartered business payments and expense management platform developer Payhawk, extended its series B round to $215m.

Fabric threads in $140m series C

Fabric, a US-based e-commerce software provider, has received $140m in a series C round led by SoftBank at a valuation of about $1.5bn, lifting the company into unicorn status.

99 Minutos gets $82m series C delivery

Mexico-based last-mile delivery platform 99 Minutos secured $82m in series C funding from investors including Prosus Ventures, the corporate venturing arm of internet group Prosus.

Kin kindles series D round with $82m

US-based online home insurance provider Kin Insurance received $82m in series D funding from investors including insurance provider CSAA Insurance Group.

Balbix gets $70m in series C round

Balbix, a US-based provider of cybersecurity posture automation technology, received $70m in a series C round backed by Singtel Innov8, the corporate venturing arm of telecommunications company Singtel.

Pocket FM tunes in to $65m

Internet group Naver co-led India-based audio streaming platform developer Pocket FM’s $65m series C round as the popularity of podcasts and other non-music audio content grows.

Biomason bags $65m in series C round

US-headquartered biological construction material developer Biomason secured $65m in series C funding from investors including pharmaceutical firm Novo and building materials provider Martin Marietta.

Worldspark plays for $3m seed round

Blockchain-based gaming developer Worldspark Studios received $3m in a seed round co-led by gaming and blockchain technology developer Animoca Brands.


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

28 February 2022 – SoFi to take Technisys in $1.1bn deal

SoFi to take Technisys in $1.1bn deal

Online personal finance provider SoFi agreed to acquire US-based digital banking technology provider Technisys in a $1.1bn all-stock transaction.

ElasticRun procures $330m

Internet and telecommunications group SoftBank’s Vision Fund 2 co-led a $330m funding round for ElasticRun, the India-based operator of a business-to-business (B2B) e-commerce platform.

Scipher Medicine unlocks $110m

US-based precision immunology therapy developer Scipher Medicine closed a $110m funding round featuring electronics conglomerate Hitachi and healthcare services provider Optum.

Volta Trucks zaps in $260m

Volta Trucks, developer of commercial electric vehicles, secured $260m in series C funding from investors including logistics services provider Agility.

PrimaryBid stocks up with $190m

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $190m series C round for UK-based online investment platform PrimaryBid.

Cheq marks off $150m series C

Cheq, the Israel-based developer of a cybersecurity software offering for marketing operations, secured $150m in series C funding from investors including insurance provider Phoenix Insurance Company.

Cargill helps Wildtype net $100m

US-headquartered cultivated salmon producer Wildtype closed a $100m series B round that included agribusiness Cargill.

Arcion rebrands with $13m series A

US-based data mobility software developer Blitzz has rebranded to Arcion as it raised $13m in a series A round featuring data analytics software provider Databricks.

Fifth Wall finds corporates for $159m European fund

US-headquartered, real estate-focused venture capital firm Fifth Wall has closed a $159m European fund with backing from several corporate limited partners.

Arkray arcs to Singaporean investment arm

Japan-headquartered healthcare device producer Arkray has announced an $86.8m corporate venture capital initiative in Singapore to invest in early-stage medical technology developers.


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

21 February 2022 – SoftBank pinpoints Spotter in $200m series D

SoftBank pinpoints Spotter in $200m series D

Internet and telecommunications group SoftBank’s Vision Fund 2 led a $200m series D round for US-based online content financier Spotter at a $1.7bn valuation.

Hy2gen generates $227m in funding

Hy2gen, a Germany-headquartered producer of green hydrogen-based fuels, raised $227m from investors including energy engineering firm Technip Energies, highlighting the increasing popularity of hydrogen in the new energy mix.

Neon glows with $300m from BBVA

Financial services firm BBVA agreed to invest $300m in Brazil-based digital bank Neon in return for a 21.7% stake.

OpenSea organises corporate venturing arm

Non-fungible token (NFT) marketplace OpenSea has launched a corporate venture capital vehicle called OpenSea Ventures to invest in developers of Web3 technology.

Tripledot secures Access to raise $116m

UK-based mobile game developer Tripledot Studios secured $116m from investors including Access Industries at a valuation of $1.4bn.

Homebound builds $75m round

US-based homebuilder Homebound secured $75m in a series C round featuring GV, a corporate venturing vehicle for internet technology conglomerate Alphabet.

HoTeam gets hold of $63m

China-based additive manufacturing technology developer Shandong HoTeam Software completed a $63m series C round led by Legend Capital, the venture capital firm sponsored by conglomerate Legend Holdings.

Sony signals first close for Innovation Fund 3

Consumer electronics and entertainment group Sony reached a first close of its fourth Sony Innovation Fund, which is targeting $217m for final close.

HV Capital launches $489m continuation fund

HV Capital, the Germany-based venture capital firm spun off by publisher Holtzbrinck Publishing Group, launched a $489m continuation fund to continue supporting portfolio companies in later-stage deals.

Animoca Brands unveils Japanese subsidiary and accelerator

Gaming and blockchain technology group Animoca Brands launched a Japan-based subsidiary with $10m in seed funding.

Fujifilm and Tokyu disclose funds

Japan-headquartered corporations Fujifilm and Tokyu Construction have each launched dedicated corporate venturing vehicles that will target startups operating in their respective strategic areas.


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

07 February 2022 – Sony Makes $3.6bn Bungie Play

Sony makes $3.6bn Bungie play

Sony Interactive Entertainment agreed to acquire US-based video game developer Bungie in a $3.6bn deal.

SoftBank scores AInnovation exit in $154m IPO

SoftBank has exited China-based artificial intelligence technology provider AInnovation in an initial public offering in Hong Kong.

SoftBank makes good on $1.35bn Cruise pledge

SoftBank’s Vision Fund is set to invest $1.35bn in US-based autonomous driving technology developer Cruise, which launched its driverless taxi service last week.

Naver Z makes space for $100m metaverse fund

Naver Z, a 3D avatar and digital space design subsidiary of South Korea-based internet conglomerate Naver Group, has formed a $100m metaverse fund.

Fireblocks sparks $550m series E round

US-based asset transfer infrastructure operator Fireblocks has raised $550m in series E funding from investors including internet technology group Alphabet’s CapitalG unit.

Loadsmart stacks up $200m

SoftBank’s Latin America Fund led a $200m series D round for US-based freight automation technology provider Loadsmart, valuing it at $1.3bn.

Wayflyer bags $150m In series B round

Wayflyer, the Ireland-based operator of an online financing platform for e-commerce brands, raised $150m in a series B round featuring internet group Prosus at a post-money valuation of $1.6bn.

Zero Acre Farms produces $37m round

US-based sustainable oil producer Zero Acre Farms secured $37m in a series A round featuring conglomerate Virgin Group as it works toward replacing destructive oil supply chains.

Nuclera knocks up series B funding

UK-based bioprinting technology developer Nuclera reached a $42.5m first close for its series B round that included electronic paper display producer E Ink.

Hitachi Ventures readies third fund

Hitachi Ventures, the Germany-based CVC vehicle formed by industrial and electronics conglomerate Hitachi, is considering launching its next fund this year.

Decibel makes noise with $275m fund target

Decibel Partners, an independent venture capital firm with Cisco as its cornerstone limited partner, has filed to raise $275m for its second fund.


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

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

17 January 2022 – Tencent Helps Serve Up $100m for Flipdish

Tencent helps serve up $100m for Flipdish

Internet and gaming group Tencent led a funding round for Flipdish, the Ireland-based developer of a customer experience software platform, sized at approximately $100m, highlighting the steady digitalisation of the hospitality industry.

Roche rounds up $290m for Freenome

Pharmaceutical firm Roche invested $290m in US-based cancer detection technology developer Freenome, whose platform combines molecular biology and machine learning to detect cancer in the early stages through a routine blood draw.

Placer.ai finds space for $100m

Commercial property developer Majestic Realty took part in a $100m series C round for US-based footfall data software provider Placer.ai, bringing its overall funding to $166m and valuing the company at $1bn. It is the latest investment by a property developer in the building analytics space.

GoStudent grabs $340m in series D

Austria-based online tutoring services provider GoStudent has closed a $340m series D round led by internet group Prosus at a $3.4bn valuation.

Tul twigs to $181m series B

Colombia-headquartered hardware marketplace Tul has secured $181m in series B funding from investors including SoftBank’s Latin America Fund, as construction technology continues to prosper in Latin America.

Delivery Hero gets $150m Rappi return

Local food delivery service provider Delivery Hero has sold $150m of shares in Colombia-based delivery service Rappi, as food delivery services continue to grow around the world.

SoftBank gets $100m to Gousto

Internet and telecommunications conglomerate SoftBank’s Vision Fund 2 has invested $100m in UK-based meal kit subscription service Gousto with a combination of new and secondary share purchases at a valuation of $1.75bn.

Carsome drives to $290m in series E

Malaysia-based automotive marketplace operator Carsome received $290m in series E funding from investors including conglomerates Gokongwei Group, Sunway and YTL Group as the online used car market booms.

New York Times agrees $550m Athletic purchase

Media company The New York Times has agreed to purchase US-headquartered online sports media platform The Athletic in a $550m deal that allows media group Bertelsmann and mass media company Comcast to exit.

Mitsubishi Electric mints corporate VC vehicle

Japan-based electrical equipment manufacturer Mitsubishi Electric launched the $43.7m ME Innovation Fund with venture capital firm Global Brain.


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