Briefing

The Briefing: NGP Launches $400M Fund, Marvel Fusion Raises $40M, And More

Illustration of CB reporters working.

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

NGP launches $400M fund backed by Nokia

NGP Capital announced the launch of a new $400 million Fund IV, with Finland’s Nokia as sole backer.

The fund will focus on growth-stage investments in edge cloud, cybersecurity, digital industry and digital transformation growth-stage companies. It will place a particular emphasis on companies developing emerging 5G use cases for industrial and business transformation.

Launched in 2005, NGP Capital has over $1.6 billion under management and has invested in more than 100 companies.

— Joanna Glasner

Marvel Fusion raises $40M

Munich-based Marvel Fusion, a developer of fusion energy technology, announced it raised 35 million euros ($40 million) in a Series A funding round led by Earlybird. The company says it is collaborating with Siemens Energy, TRUMPF and Thales to boost fusion energy with an eye toward building a global zero-emissions energy supply.

— Joanna Glasner

Funding rounds

Flip pockets $30M: Stuttgart, Germany-based Flip, an app for connecting employees, raised $30 million in a Series A funding round backed by Cavalry Ventures.

— Joanna Glasner

ClearEstate clears $13M Series A from OMERS: Montreal-based ClearEstate, a solution that supports executors in estate planning, has raised a Series A funding of $13.25 million led by OMERS Ventures1. The company has offices in Ontario, California and Texas. ClearEstate previously raised a $2 million seed round in June 2021 from Triangle Capital Corp., NAventures and Diagram Ventures. 

— Gené Teare

Funds

Connected Capital closes on $176M 2nd fund: Amsterdam-based private-equity firm Connected Capital has closed a second fund at $176 million to invest in B2B SaaS companies in Europe. According to Crunchbase data the firm has made nine investments since 2017 with its most recent in Netherlands-based  safer payments company SurePay, its first investment from fund 2. The firm has $229 million under management. 

— Gené Teare

Illustration: Dom Guzman


  1. OMERS Ventures is an investor in Crunchbase. It has no say in our editorial process. For more, head here.

Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Featured

CTA

Find the right companies, identify the right contacts, and connect with decision-makers with an all-in-one prospecting solution.

Copy link