Global Venturing Review

The Big Ones Digital payment processor PayPal agreed to acquire Japanese consumer finance service Paidy for about $2.7bn. Paidy provides a buy-now-pay-later service that allows customers to make instant credit purchases that can be paid back on a monthly basis. PayPal will use the acquisition to strengthen its capabilities and presence in the domestic payments … Continue reading "13 September 2021 – PayPal Picks Up Paidy in $2.7bn Deal"

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We’re on summer break but will be back in September. Check out our websites for news stories in the meantime: Global Corporate Venturing Global University Venturing Global Impact Venturing “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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Story 1 While immediate attention is on China’s latest crackdown of sectors, such as tech and education, and the ability for foreign investors to back them or even if they can make profits, there is greater optimism in another rising economic power: India. India-based sports-focused Rhiti Group has collaborated with local cement maker Kanodia Group … Continue reading "02 August 2021 – Rhiti Group and Kanodia Launch VC Firm Deep Pockets Capital Venture"

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The Big Ones SoftBank’s Vision Fund 2 and Prosus co-led a $1.25bn series J round for India-based food delivery service provider Swiggy at a $5.5bn valuation. The round also featured sovereign wealth fund Qatar Investment Authority as well as Accel, Wellington Management, Falcon Edge Capital, Amansa Capital, Goldman Sachs, Think Capital and Carmignac. TechCrunch said … Continue reading "26 July 2021 – Swiggy Raises $1.25bn in Series J"

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Big ones SoftBank’s Vision Fund 2 supplied $1.7bn in funding for South Korea-based travel and accommodation services provider Yanolja. It was valued at $1bn in a $180m series D round in mid-2019 backed by Booking Holdings and GIC. It had received $53.2m from SkyLake Investment two years earlier and $8.5m from Partners Investment in 2015. … Continue reading "19 July 2021 – SoftBank serves Yanolja with $1.7bn"

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The Big Ones Pine Labs, an India-based digital payment technology provider backed by PayPal and Mastercard, secured over $600m in funding. Kotak Mahindra Bank and investment and Fidelity supplied the cash together with IIFL AMC’s Late-Stage Tech Fund, Ishana, Tree Line, funds managed by BlackRock and a fund advised by Neuberger Berman Investment Advisers. UK-based … Continue reading "12 July 2021 – Wise Floats on London Stock Exchange with $12bn Valuation"

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The Big Ones SoftBank’s Vision Fund 2 co-led a $600m series D round for UK-based surgical robotics technology developer CMR Surgical with healthcare investment group Ally Bridge, while Cambridge Innovation Capital, the patient capital fund formed with the support of University of Cambridge, also participated. GE Healthcare, a subsidiary of power and industrial technology conglomerate … Continue reading "05 July 2021 – CMR Surgical Raises $600m in Round Led by SoftBank’s Vision Fund 2"

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The Big Ones Waymo, the autonomous driving technology developer spun off by Alphabet, has raised $2.5bn in funding from investors including its former parent company. AutoNation and Magna International also took part in the round, as did group Fidelity Management & Research, Mubadala, Temasek, Andreessen Horowitz, Canada Pension Plan Investment Board, Perry Creek Capital, Silver … Continue reading "21 June 2021 – Waymo Drives $2.5bn Investment"

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The Big Ones 1 There is a lot happening in Cambridge, England. The university might have passed its 800th anniversary earlier in this century but the basics of its operating model to bring the smartest people in the world together to solve its hardest challenges remains intact. The latest advances include the launch and first … Continue reading "14 June 2021 – Cambridge Launches Deeptech Labs"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Malin Carlström of ABB Technology Ventures and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By … Continue reading "Leadership Series: Malin Carlström (ABB Technology Ventures)"

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The Big Ones Germany-based digital insurance provider Wefox completed a $650m series C round that included online lending platform developer Creditease and Salesforce Ventures. The round was led by Target Global and included Omers Ventures, Gsquared, Merian and its Jupiter subsidiary, Horizons Ventures, Eurazeo, Mubadala, Speedinvest, LGT, Alma Mundi Ventures, Victory Park Capital, GR Capital, … Continue reading "07 June 2021 – Wefox Completes $650m Series C"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with David Hayes of BP Ventures and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution … Continue reading "Leadership Series: David Hayes (BP Ventures)"

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The Big Ones US-headquartered e-commerce holding company Perch completed a $775m series A round led by SoftBank’s Vision Fund 2. The round also featured venture capital firm Spark Capital and alternative investment manager Victory Park Capital. It is the largest series A yet to be closed by a US-based company, according to Perch. JD Logistics, … Continue reading "31 May 2021 – Perch Raises $755m in Record-breaking Series A"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Yvonne Lutsch of Bosch Venture Capital and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By … Continue reading "Leadership Series: Yvonne Lutsch (Bosch Venture Capital)"

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The Big Ones 1 Delighted the May issue of GCV is now out covering the media sector, a special report on AI, Israel as the innovative region, extracts from Global University Venturing and Global Impact Venturing sister titles and all the monthly data from GCV Analytics. From the editorial: The innovation ecosystem we find ourselves in arguably has its … Continue reading "24 May 2021 – Goldman Sachs Invests $20m in British Anti-money Laundering Company ComplyAdvantage"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Francis Ho of Samsung Catalyst Fund and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By … Continue reading "Leadership Series: Francis Ho (Samsung Catalyst Fund)"

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The Big Ones China-based grocery delivery app operator Dingdong Maicai closed a $330m series D-plus round led by SoftBank’s Vision Fund. Founded in 2017, Dingdong Maicai has built a grocery e-commerce platform it claims delivers fresh produce and seafood ingredients door-to-door in under 30 minutes. It has served more than 5 million households across 27 … Continue reading "17 May 2021 – Grocery Delivery App Dingdong Maicai Orders Up $330m Series D"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Linda Yates of Mach49 and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones Canada-based digital investment platform developer Wealthsimple received C$750m ($610m) in funding from investors including Allianz X, a subsidiary of Allianz, at a valuation of almost $4.1bn. Meritech Capital and Greylock Partners co-led the round, which also featured DST Global, Sagard, Iconiq Capital, Dragoneer, TCV, iNovia Capital, Base 10 Partners, Redpoint Ventures, Steadfast … Continue reading "10 May 2021 – Oxford Nanopore Pockets $280m in Equity Financing"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Ellen Ehrenpreis of Orrick and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones Netherlands-based customer service software provider Messagebird has added $800m to a series C round featuring Bonnier, expanding it to $1bn. Bonnier joined Eurazeo, Tiger Global Management, BlackRock, Owl Rock, Glynn Capital, LGT Lightstone, Longbow, Mousse Partners, NewView Capital, Accel, Atomico and Y Combinator in the extension, which was made up of 70% … Continue reading "03 May 2021 – Messagebird Adds $800m to Series C Round"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Jaclyn Kossmann of Applied Ventures and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution … Continue reading "Leadership Series: Jaclyn Kossmann (Applied Ventures)"

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The Big Ones 1 In November, this column said, if demotivated, “talented people will quickly cut the cord”. This was in response to US-listed cable group Comcast’s decision to limit its successful corporate venturing unit, as GCV reported at the time. Almost six months on and the team has broken up as feared. And the unit, which was founded … Continue reading "26 April 2021 – UK National Grid Commits Further $150m to its Silicon Valley-based Corporate Venture and Innovation Group"

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We have teamed up with 500 Startups’ CVC Insider Series, where top CVC practitioners offer advice and best practices regarding common challenges encountered within corporate venturing. Featured this week is an interview with Jason Miles of Volvo VFS and Nicolas Sauvage of TDK Ventures. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution … Continue reading "Leadership Series: Jason Miles (Volvo VFS)"

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The Big Ones 1 Spend enough time in venture and you can see the transformation in startups and the economy almost as if time has speeded up. GCV’s first article on Coinbase, eight years ago to the day, described it as “a digital wallet for Bitcoin transactions”, which “had raised $600,000 from accelerator Y Combinator and publisher … Continue reading "19 April 2021 – Coinbase Lists on Nasdaq"

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An audio version of the ‘Fintech Findings: The State of The Fintech Market in 2021’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones India-based food delivery service Swiggy has raised $800m from Prosus Ventures, Falcon Edge, Goldman Sachs, Amansa Capital, Think Capital, Carmignac and Accel. The round is said to have boosted the company’s post-money valuation to $5bn. Swiggy runs an app where users can order food for delivery from local restaurants, and is one … Continue reading "12 April 2021 – Food Delivery Service Swiggy Raises $800m"

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An audio version of the ‘How U.S. Based Venture Arms From Asia Are Supporting Innovation’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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An audio version of the ‘Scaling Up: How VC Is Helping Startups Succeed’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones On-demand consumer product delivery service GoPuff has experienced some major league growth of late, and has secured $1.15bn from investors including SoftBank Vision Fund 1 in a round lifting its valuation from $3.9bn to $8.9bn. The $3.9bn valuation had been achieved just five months ago, in a $380m round that also featured … Continue reading "29 March 2021 – GoPuff Secures $1.15bn in Round Including SoftBank"

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n audio version of the ‘The Industry Blazing a New Path Through Incubation – How Hitachi is Leveraging Incubations and Developing an Ecosystem to Supercharge Organic Growth’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones Payment processing software provider Stripe has raised $600m from investors including Axa and Allianz X, but the key element to the story is its valuation, which has rocketed from an already huge $36bn less than a year ago to $95bn in the latest round. It’s another symptom of the surging fintech sector, … Continue reading "22 March 2021 – Stripe Raises $600m with a $95bn Valuation"

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An audio version of the ‘Opening Keynote Fireside Chat: Vinod Khosla’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones One element of retail that has emerged unscathed from the covid-19 pandemic is food, and Lineage Logistics is among the biggest cold chain services providers in the world, offering temperature-controlled delivery and storage. It has also raised $1.9bn from investors including property developer Oxford Properties and several real estate investment firms. The … Continue reading "15 March 2021 – $1.9bn for Cold Chain Services Provider Lineage Logistics"

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An audio version of the ‘Great Expectations: How M12 is Investing in Female Founders and Supporting D&I’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

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The Big Ones E-commerce instalment finance provider Klarna is riding the fintech wave, having raised $1bn in financing from undisclosed new and existing investors in a round that almost tripled its valuation from $10.7bn to $31bn. Visa, Ant Group, Bonnier, Commonwealth Bank of Australia and Bestseller Group are among the company’s existing backers, and the … Continue reading "08 March 2021 – Klarna Raises $1bn"

An audio version of the ‘Henkel’s Approach To Startup Collaboration (CVC Case Study)’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

The Big Ones 1 Bonny Simi, pilot and founder of US airline JetBlue’s corporate venturing unit, read the runes correctly in December when she left to join portfolio company Joby Aviation as head of air operations and people. This week, Joby, which is in prototype phase of developing an all-electric, vertical take-off and landing (eVTOL) … Continue reading "01 March 2021 – Could the Sleeping Giant of Corporate Venturing – India – Finally Be Waking Up?"

An audio version of the ‘Perfect Harmony: The Convergence of AI Across Industries – Best Practices Examined’ session from our GCV Digital Forum in January 2021. “Funky Chunk” Kevin MacLeod (incompetech.com) Licensed under Creative Commons: By Attribution 3.0

The Big Ones 1 Wishing our readers around the world a wonderful prosperous lunar new year – welcome to the year of the ox. There has been a plateau in deal volumes in China over the past two years with other Asia-Pacific markets catching up, as adjunct professor Martin Haemmig noted at our last GCV … Continue reading "21 February 2021 – Blockchain.com Raises $120m in Strategic Growth Round"