National Grid’s corporate venturing arm has committed $90m of its $250m initial budget, having backed a total of 12 portfolio companies and three venture capital funds.
Invengo has joined Shenzhen HTI Venture Capital to launch a fund aligned with its IoT business that is initially aiming to raise about $43m on the way to a $145m targeted close.
The venture capital firm’s inaugural early-stage fund, Crane I, has reached its $90m hard cap with contributions from LPs including MassMutual Ventures, with which it has established a strategic alliance.
Keppel is among the limited partners in the VC firm’s Southeast Asia-focused third fund, which has achieved a $60m first close on its way to a $100m ceiling.
Willis Towers Watson has created a corporate venturing subsidiary, WTW Strategic Ventures, and a new group, the Growth Board, to make strategic investments in startups.
Auth0, CircleCI and Stripe have jointly launched a support scheme dubbed Go_SaaS to help startups promote software-as-a-service platforms.
Northleaf Venture Catalyst Fund II reached its hard cap with commitments from Manulife and Bank of Montreal, adding to capital from backers including Sun Life.
Argentina-based YPF has set up a corporate venture capital subsidiary, YPF Ventures, and will conduct international and local deals respectively through Argentina Energy Bridge Fund and YPF Early Stage Fund.