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.
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 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.
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’s Vision Fund 2 has led funding rounds for two North American companies in as many days, backing Shoplazza and Big Health.
Softbank provided $146m South Korea-based financial management software provider Qraft Technologies.
UK-listed energy group Shell has set up a dedicated $1.4bn corporate venturing fund aimed at accelerating the energy transition.
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.
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, the China-headquartered owner of short-form video app TikTok, has reportedly closed its corporate venturing unit.