Fundraising

MetaProp settles third fund at $100m
A number of corporates from the real estate sector have contributed to the property technology-focused venture firm's latest fund.
USAA marches to Academy Investor Network
USAA has made an anchor commitment to the military graduate investment network’s first fund, which is targeting $50m for its final close.
Amplitude raises $163m for debut fund
Limited partners including Alexandria Venture Investments and Royal Bank of Canada backed the healthcare technology-focused firm's first fund.
Petronas accelerates second cohort
The Malaysian-headquartered oil and gas supplier's FutureTech 2.0 accelerator has opened applications for its second cohort.
G2 Venture Partners closes $500m Fund II
Shell Ventures has re-upped in G2 Venture Partners’ sophomore fund, which was also backed by Mitsui, Daimler and ABB Switzerland.
Rev1 revisits corporates for $20m Fund II
Worthington Industries, Cardinal Health, Dispatch Printing, Nationwide and AEP Ohio are among the vehicle's limited partners.
CapitaLand constructs sustainability fund
Two years after shutting its corporate venture capital subsidiary, the property developer has put $37.8m into the newly formed CapitaLand Innovation Fund.
Interlace Ventures initiates $14m vehicle
PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

Other News

Grab Ventures Velocity grafts on fourth batch
The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.
RET Ventures builds $165m second fund
A total of 40 property owners, operators and developers have helped the real estate-focused venture firm close its sophomore vehicle.
PayPal backs $22m SV Latam fund
PayPal is among the limited partners for venture capital firm SV Latam Capital’s second fund, which closed earlier this week.
Crescent Enterprises to double venture investments
Founded in 2017 with a $150m commitment, Crescent’s corporate venturing unit, CE-Ventures, has already invested more than $136m.
United Airlines sets up ventures unit
Michael Leskinen will be president of United Airlines Ventures.
Recorded Future sets up Intelligence Fund 
$20m fund will back early-stage startups.

Editor's Picks

Brazil adds triple fundraisings
The three funds comes as Daniel de Macedo switches role and a new trade body committee is set up for CVCs.
Orange spins off corporate venturing unit
Orange Ventures has been spun off into an independent venture firm with an extra $426m from its former parent company, and added Mathieu de La Rochefoucauld as managing partner.
Daimler spins off innovation unit
Daimler will retain 10% of 1886Ventures, which has been formed out of its 1886Labs unit, and will be a client of Deloitte's Digital Ventures team.
SR One spins off with $500m
GlaxoSmithKline's corporate venturing unit is now an independent firm with a $500m fund anchored by its former parent.
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