Corporate venturing deal net: 18-22 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Credit Suisse expands Entrepreneur Capital to $199m
Credit Suisse has added an extra $70m to its Entrepreneur Capital fund and invested an undisclosed amount in drone developer Perspective Robotics.
Calypso Biotech dances through series A round
Merck Group and Johnson & Johnson both invested in a $22.6m round for the autoimmune disease drug developer, six years after it was spun off from Merck Serono.
Bynk retains links to Schibsted and LMK
Schibsted has increased its stake in Bynk to 32% in a $54.4m round that included LMK Industri, and which valued the Swedish mobile lender at about $215m.
Utilities send funding Zenobe's way
Tepco Power Grid and Jera, both of which represent Tokyo Electric Power, have provided $32.3m in funding for the battery storage provider.
Ergosup puts foot on the gas
The electricity-to-hydrogen technology developer has secured $12.4m in a round featuring Air Liquide subsidiary Aliad to fund production of its storage units.
Allianz X expands past billion-dollar mark
Allianz has boosted the capital reserves of digital investment unit Allianz X, whose portfolio includes unicorns G-Jek and N26, to more than $1.1bn.
Iwoca takes down $26m in series D
The CommerzVentures and Intesa Sanpaolo-backed business lending platform secured the series D funding together with some $169m in debt financing.

Other News

CommerzVentures tumbles for Mambu
Commerzbank's corporate venturing unit has returned for a $33.8m round that was led by Bessemer Venture Partners and backed by several existing investors.
Deutsche Bank and Axa rush into Zeitgold
The business finance management app developer has secured $11.3m in a round that included Deutsche Bank and Axa, increasing its overall funding to approximately $27m.
Kinnevik to kick in $96m for MatHem
Kinnevik has agreed to invest $42.5m in Clas Ohlson-backed online supermarket MatHem while buying $53.5m in a secondary investment deal.
Arvelle sells investors on $180m series A
Axovant spinoff Arvelle Therapeutics received $180m in the LSP-led series A round, and will focus on the development of a recently licensed epilepsy drug.
GoCardless pins $75m in series E round
Salesforce Ventures and GV both invested, as the business payment processing software provider took its total funding up to $123m.
Mubadala mobilises SoftBank in $400m fund
SoftBank has reportedly invested $200m in a Europe-focused venture capital fund formed by Mubadala, which had committed $15bn to its Vision Fund two years ago.

Editor's Picks

Graphcore absorbs $200m in series D funding
Microsoft, Samsung, BMW i Ventures, Robert Bosch Venture Capital and Dell Technologies Capital all invested in a round that valued the AI chipmaker at $1.7bn.
Schneider Electric recharges corporate VC vehicle
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
SNCF gets in BlaBlaCar for $114m round
SNCF has invested in BlaBlaCar, the buyer of its bus transport subsidiary, Ouibus, in a round that took the carpooling platform's total funding to $450m.
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