Fundraising

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.
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.
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.
Rabobank deposits another $90m in CVC fund
Rabo Frontier Ventures now has $170m under management to invest in fintech and agtech developers, and will expand its focus internationally.
Lilly Asia Ventures lifts $40m for fifth fund
Lilly Asia Ventures has secured a $40m commitment for its fifth biosciences fund, LAV Biosciences V, from San Francisco’s city and county pension fund.
Corporates board space accelerator
Lockheed Martin, SAIC and Maxar Technologies have all become sponsors of a new space-focused accelerator targeting industries including communications, energy and robotics.
MML seeks corporate commitments for second fund
The Irish private equity investor is reportedly approaching AIG, Goldpoint and Cigna, all of which backed the firm's debut vehicle in 2013, for commitments to its Fund II.
Krungsri Finnovate banks on another $30m
Krungsri Finnovate, formed by the eponymous Thai bank in mid-2017, could be doubled in size to $60m as it looks to increase the size of its investments.

Other News

JustCo works with Trive to launch incubator
Trive Ventures and the co-working office space operator have launched a Singapore-based incubator to provide working support and space for startups.
Evonik catalyses $170m second fund
The chemicals producer now has a total of more than $280m under management for its corporate venturing activities, having launched its first fund six years ago.
Armilar accepts Semapa and KNP for fifth fund
The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.
AirAsia invites passengers on to investment fund
The airline operator's Redbeat Ventures unit is seeking limited partners for a corporate venturing fund that will be anchored by the corporate.
Mandiri Capital makes for external backers
Bank Mandiri's corporate venturing unit is seeking $50m to $100m for a second fund and is targeting LPs outside the company.
3one4 Capital seals Sojitz backing
Sojitz has contributed to venture firm 3one4 Capital's latest fund, which has raised $21m of a targeted $50m to invest in the firm's portfolio companies at a later stage.

Editor's Picks

New Entrant of the Year: Severstal Ventures
In May last year, Severstal announced the launch of Severstal Ventures – a corporate venture fund that would invest directly as well as through other funds in advanced materials and associated technologies, in Russia and abroad.
Fund of the Year: Swisscom Digital Transformation Fund
Launched in July last year, Swisscom Digital Transformation Fund is Swisscom Ventures’ first investment vehicle that is open to third-party institutional investors.
Unit of the Year: Salesforce Ventures
Among the many news released by Salesforce Ventures last year, the unit announced in early December two new $100m funds in Canada and Japan, both aiming to boost startup innovation that is part of the global Salesforce ecosystem.
WarnerMedia Investments closes book on deals
WarnerMedia Investments, the corporate venturing unit formerly known as Time Warner Investments, has reportedly shut while managing director Allison Goldberg has left the company.
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