Robert Bosch Venture Capital, Bosch's venture funding arm, launched its fifth fund with ~$270M (€250M) in capital. The fund will continue to invest in startups working in the fields of climate-neutral tech, sustainable mobility, connectivity, autonomous vehicles, and IoT platforms. Individual check sizes will average ~$27M (€25M). The firm expects to back startups, typically in the Series A and B stages. More: - The team, which is currently led by 22 investment managers, is set to grow with the opening of its East Coast office in Boston.
- It already has an office in Sunnyvale, California.
- Per Crunchbase, Bosch's venture arm had amassed a total of ~$660M (€620M) across four funds before the recent investment.
- The firm has made 114 investments to date, leading 28 of them.
- It has had 19 successful exits, most notable of which are FogHorn, Xometry, and DeepMap.
- RBVC most recently participated in funding rounds from this year, including:
- In addition to the funding, Bosch recently announced that it would invest $3.5B in "climate-neutral" technology such as vehicle electrification, hydrogen electrolyzers, and heat pumps.
| |
The German economy ministry has chalked up plans to boost startups in the nation with a ~$32B (€30B) venture fund. The plan included a provision for $10.75B (€10B) of public funding through 2030. According to a 28-page strategy document reviewed by Reuters, the ministry expects a private capital influx to achieve the final total target of ~$32B (€30B). More: - In order to attract maximum investment from venture firms, the ministry is considering granting sales tax exemptions.
- A minimum investment quota for public and private pension schemes is also mentioned in the plans.
- The aim of the new plans is to boost the startup scene in Germany.
- The economy ministry hopes the cabinet will approve the plan in the summer.
| |
Ten Eleven Ventures raised $600M for its cybersecurity-focused fund. The fund will invest from seed to growth stages in global stage-agnostic firms. With the new fund, Ten Eleven’s assets under management now total over $1B. More: - The California-based firm has invested in over 40 cybersecurity startups since its founding.
- Earlier this week, it participated in a $40M Series C funding round into Ordr.
- In March, portfolio company Cyware Labs Inc raised $43M in Series B.
- Other notable portfolio companies include Offensive Security, Reliaquest, and Digital Shadows.
- Since 2020, 60% of Ten Eleven’s investments have been in the North American region, while 40% have been in other regions, including Europe, Israel, and Australia.
- The firm has had 10 successful exits through acquisitions or IPO routes.
- Darktrace and Ping Identity Corp raised $240M and $188M from their respective IPOs.
- FireEye acquired Verodin for $250M, and Palo Alto Networks acquired Twistlock for $410M in May 2019.
| |
German digital banking and stock and crypto trading fintech firm Trade Republic secured $268M (€250M) in a Series C extension funding round. Ontario Teachers’ Pension Plan Board led the funding. The funding is an extension of its earlier $900M Series C fundraiser led by Sequoia Capital in May 2021. The latest investment brings the total funds secured by the Trade Republic to $1.2B. More: - Trade Republic intends to use the incoming proceeds to accelerate product development.
- The firm’s valuation rose to $5.36B (€5B) at the time of the funding.
- The Berlin-headquartered firm acquired 1 million customers across Germany, France, and Austria within the first two years of commencing operations in 2015.
- Trade Republic’s USP lies in offering an entry point into EFT and stock trading to individuals, with many trading and settlement fees waived off.
- TCV, Thrive, Accel, Creandum, Founders Fund, and Project A participated in the funding round.
| |
Cambridge, Mass.-based life sciences company Vizgen closed its Series C funding round with $85.2M in financing. Biotech firms leverage Vizgen’s MERSCOPE solutions, which provides visual single-cell spatial genomics information, for tissue-scale basic research, gene therapy, and accelerating drug development. Blue Water Life Science Advisors and ARCH Venture Partners — who also led its previous Series A financing — led the latest fundraise. More: - To date, the company has secured $136.2M in financing.
- It raised $14M in Series A funding in Jan. 2020, followed by a $37M Series B in April 2021.
- Sofina, Northpond Ventures, Tao Capital Partners, Novalis LifeSciences, and others backed the current funding.
- The company intends to use the proceeds to scale operations, expand business reach, and drive growth.
| |
RealWear received $23.5M in financing from its Series C funding round. The fundraiser was led by the Foundry Group. The Vancouver, Wash.-based firm manufactures AR smart wearables for frontline workers. More: - Workers across the automotive, manufacturing, oil & gas, healthcare, energy, audit & inspection industries use RealWear wearable technology.
- The company also provides digital workflow, document viewing, IoT data mapping, and visual assistance functionality.
- Notable clients include Shell, Goodyear, Mars, Colgate-Palmolive, and BMW.
- Incoming funds will help the company to further develop its software and services platform.
- Other participants in the funding included Qualcomm Ventures, Kopin, and Columbia Ventures Corporation.
- To date, the company has raised $142M in funding, with its last fundraise coming in the form of an $80M Series B funding in July 2019.
| |
Quick Hits: - In a recent survey, 70% of respondents said their employment records more accurately reflect their ability to repay than their credit score.*
- Constant Ventures launched a $100M venture capital fund to pursue investment opportunities in Nigeria and Ghana, with plans to expand across West Africa. The firm will invest in startups working in economic growth, healthcare, and education.
- Genomics and molecular diagnostics company NuProbe Global raised $50M, led by AstraZeneca-CICC Fund, CR-CP Life Science Fund, and Panlin Capital.
- Insight Partners led a $30M Series A funding round into Reco, an AI-powered platform that facilitates secure collaborations within organizations. Zeev Ventures, BoldStart, Angular Ventures, Jibe Ventures, CrewCapital, and Cyber Club London.
- San Francisco-based biotech research firm LatchBio secured $28M in Series A co-led Coatue and Lux Capital. Hummingbird Ventures, Caffeinated Capital, Haystack, and Fifty Years supported the financing.
- EnsoData, an AI-powered healthcare company that diagnoses human health conditions, raised extension financing of $20M to its $9M Series A round closed in June 2020. Inspire Medical Systems led the funding with participation from Zetta Venture Partners, Venture Investors, Supermoon Capital, Colle Capital, HealthX Ventures, M25 Ventures, and others.
- B2B metal marketplace and supply chain platform Felux closed its Series A with $19M in funding led by EquipmentShare and backed by Signia Venture Partners, Suffolk Technologies, Expa, Lightbank, 8VC, and JumpStart Ventures, amongst others.
- Find out which of these types of partnerships 110 executives preferred the most in the survey results.*
*This is sponsored content.
| |
Upcoming Events: - June 07 - June 08 - Cloud Innovation Summit: See what high-performance cloud app dev looks like. (Register Here) *
- June 09 - Empowering Content Creators with No Code (Register Here)
- June 15 - Need To Know NoCoder - Artem Harutyunyan (bardeen.ai) (Register Here)
- June 16 - Future of the Art Market (Register Here)
- June 30 - HR Strategies to Retain Remote Employees (Register Here)
- July 20 - Need To Know NoCoder - Yassine Tahi (Kinetix) (Register Here)
*This is a sponsored listing.
| |
 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot. | | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
Comments
Post a Comment