Fundraising

Robert Bosch assembles $155m Chinese unit
The newly formed Boyuan Capital will make deep technology investments in China for Robert Bosch Venture Capital and has enrolled Wuxi Weifu High-Technology as a backer.
SCB and CP Group create $800m fund
The pair have each put up $100m and are seeking to raise a total of $600m to $800m for a fund which will invest in digital and emerging technology.
HSBC hones $100m corporate venturing fund
HSBC Ventures has pledged to back growth-stage climate technology developeres, providing them with the bank’s resources and network as well as capital.
Intuit initiates corporate venturing programme
Intuit’s newly formed venture capital arm will invest in early and growth-stage businesses solving a variety of problems in the financial and business services sectors.
Jeito Capital wraps up fund I at $623m
Sanofi, Axa, Aviva, Pro BTP and CNP Assurances were among the backers of the vehicle, which will focus on biotech investments.
Fifth Wall finds $140m for Climate Tech Fund
Fifth Wall hopes to close its climate technology-focused fund at $500m having secured capital from Invitation Homes and Ivanhoé Cambridge.
Illumina Ventures introduces $325m Fund II
Illumina has anchored the second fund to be closed by the venture firm it sponsors, with Ireland Strategic Investment Fund among the limited partners.
Sony tones up $200m Indian fund
Vijay Singh will head a fund which will be tasked with partnering celebrities on investments in the Indian ecosystem.

Other News

Daily Deal Round Up: September 17, 2021
Conductive Ventures returned for online savings platform developer Self Financial's $50m series E round while EV producer Volta Trucks completed its $43.6m series B.
LinkedIn launches accelerator and fund
LinkedIn is trying to build a network of content creators on its platform through an accelerator programme and $25m fund.
SoftBank sorts out $3bn Latin America fund
The corporate has followed its $5bn first Latin America fund by channelling $3bn into a Fund II which may be boosted by external investment.
Fibonacci VC counts up $202m for Fund II close
Fibonacci VC’s second fund is double the size of its debut vehicle, thanks to commitments from LPs including Xiamen C&D and China-Singapore Suzhou Industrial Park Development Group.
BCA finds Finch Capital for $200m fund
Bank BCA’s corporate venturing arm is reportedly set to partner venture firm Finch Capital to invest in financial technology developers.
Microsoft helps load Earthshot Ventures with $60m
Earthshot Ventures, a venture capital spinoff of Elemental Excelerator, counts the software provider among its limited partners.

Editor's Picks

Herbst leaves Nvidia to set up GFT Ventures
Jeff Herbst has departed from his role heading Nvidia GPU Ventures to join Samsung Ventures alumnus Jay Eum at the recently formed GFT Ventures.
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.
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