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D-Wave agrees to $1.6bn reverse merger
D-Wave Systems, a Canada-based quantum computing technology developer backed by IT equipment producer NEC, agreed to a $1.6bn reverse merger with special purpose acquisition company DPCM Capital.
Flexport receives $935m funding haul
Logistics services platform developer Flexport raised $935m in a series E round featuring internet and telecommunications group SoftBank’s Vision Fund and e-commerce software provider Shopify at a post-money valuation of $8bn.
WNBA makes $75m funding shot
US-based professional women’s basketball league WNBA raised $75m from investors including sports apparel brand Nike, helping expand funding for a sport where coverage and sponsorship are lacking.
Scandit captures $150m in series D round
Data capture technology developer Scandit closed a $150m series D round featuring Alphabet, Sony, Swisscom and Schneider Electric.
Polygon picks up $450m
Polygon, an India-based blockchain scaling technology developer, secured $450m through a private token sale featuring SoftBank, blockchain entertainment product developer Animoca Brands and quantitative trading firm Alameda Research.
Qredo to scale with $80m
Qredo, a UK-based provider of decentralised digital asset management technology, completed an $80m series A round featuring cryptocurrency exchange Coinbase and blockchain technology developers Terraform Labs and Ava Labs.
Infinity Ventures Crypto closes $70m fund
Animoca Brands and payments services provider Circle have backed Taiwan-based venture capital firm Infinity Ventures Crypto (IVC)’s maiden fund, which closed with $70m in commitments.
Intel introduces $1bn semiconductor technology fund
Intel Capital, the corporate venturing arm of chipmaker Intel, launched a $1bn investment vehicle with its semiconductor fabrication business, Intel Foundry Services (IFS).
GBA Fund progresses towards $257m close
Greater Bay Area Fund (GBA Fund), an investment vehicle formed by e-commerce firm Alibaba’s Entrepreneurs Fund (AEF), is set to close at about $257m by mid-2022.
NGP Capital nets $400m from Nokia
Smartphone manufacturer Nokia has provided $400m in capital for the latest fund closed by NGP Capital, the US-based venture capital firm that it had spun off.
UTokyo IPC achieves $221m close
University of Tokyo Innovation Platform (UTokyo IPC), the venture capital arm of University of Tokyo, announced the final close of its second fund at $221m with backing from several corporate LPs.
“Funky Chunk” Kevin MacLeod (incompetech.com)
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