It’s been 50 years since Venrock established itself to expose investors to venture capital opportunities. Today, the global venture capital industry tracks just south of $200 billion and continues to grow as new entrepreneurs, engineers, financiers, and thought leaders create the economy of tomorrow. The DailyAlts VC channel tracks the trends, opportunities, key thought leaders, and next-generation industries that will generate billions in returns.
Geek+, a Beijing-based maker of robotics for storage, picking, and sorting in warehouses, as well as material handling robots and unmanned forklifts for manufacturing, announced a new, $100 million series E1 funding series which included investment by Intel Capital, Vertex Growth, and Qingyue Capital Investment. (CISION PR Newswire)
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In the tech world, sectors such as robotics, AI, and fintech are growing at a blistering pace.
How does a manufacturer, such as Sony, keep tabs on these emerging technologies? At stake is the risk of disruption and survival of its own current businesses, as well as the prospect of huge gains from backing the ‘next thing’ at the right time.
Sony found a way – find a deep-pocketed financial partner such as Daiwa Securities and create a venture capital (VC) fund.
The Panacea Venture Healthcare Fund I, which targeted $150 million, succeeded in mobilizing $180.5 million from a host of global institutional investors, including endowments, foundations, sovereign wealth funds, pension programs, consultants, fund-of-funds, asset managers and family offices.
Dexai Robotics addresses the labor shortage in the restaurant industry by developing AI-powered robotics for commercial kitchens. It raised $5.5 million in a seed round led by Hyperplane Venture Capital.
New investors in the startup included Rho Capital, Harlem Capital, Contour Venture Partners, and NextView Ventures.