News Commentary | March 27, 2020
Gojek officially closed its Series F at $3 billion with an additional $1.2 billion led by Tencent Holdings, JD.com, and Alphabet. This appears to be an extension of what we originally reported as the close of a $1 billion Series F in February 2019. In similar fashion, Grab's Series H that started in... Not part of subscription
News Commentary | May 22, 2020
In the Q1 2020 NASSCOM Start‑up Pulse Survey, 70% of startups said they have less than three months of cash, while another 22% have enough to last through the end of the year. This is in stark contrast to the previous two years, when Indian startups raised nearly $20 billion and $18 billion, ... Not part of subscription
News Commentary | April 19, 2021
TDK Ventures will continue to focus on cleantech, advanced materials, robotics, autonomous vehicles, and healthcare. Since 2019, the fund has been involved in approximately $500 million in deals across 14 startups (based on publicly disclosed deals), including GenCell, Origin, and SLD Laser, which ... Not part of subscription
by Chloe Holzinger
The round was led by Breakthrough Energy Ventures, with other investments from The Engine, Lowercarbon Capital, and The Grantham Foundation. While the influx of fresh capital is certainly positive for Lilac, the company's decision to source funding from venture capital firms rather than strategic industry players is interesting. Investments from strategics are usually harbingers for pilot project or co-development opportunities, as with Livent's partnership with E3 Metals. Lilac's choice to go elsewhere for capital may speak to its technology's early stage of development, the lithium industry's strong risk aversion, or both. Regardless, clients should continue to expect one of Lilac's most significant hurdles to be securing pilot projects.
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