There's a big venture capital funding downturn — except for this one set of investors
In a bid to find other sources of cash, startups have turned to corporate venture capitalists.
As a result, CVC is often a very attractive option – especially if broader market validation is still needed, according to Ekaterina Almasque, general partner at enterprise software and deep-tech firm OpenOcean and former head of Samsung's Catalyst Fund. That's because they focus more on strategic value than return on investment, she said. Such funds often mirror the parent company's strategy closely, with the Catalyst Fund investing across 5G and cloud infrastructure.
Finnish quantum drug discovery startup Algorithmiq partnered with Presidio Ventures, the arm of Japan's Sumitomo Corporation, during its recent $15 million Series A. That gave the startup access to a strong life sciences network, said cofounder and CEO, professor Sabrina Maniscalco.
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