cathay innovation

Paris-based startup Nabla just announced that it has raised a $24 million Series B funding round led by Cathay Innovation, with participation from ZEBOX Ventures — the corporate VC fund of CMA CGM. This funding round comes just a few months after Nabla signed a large-scale partnership with Permanente Medical Group, a division of U.S. healthcare giant Kaiser Permanente. According to a source, Nabla has reached a valuation of $180 million following today’s funding round. The company could also end up raising more money…

Cathay Innovation, a global venture capital group backed by TotalEnergies, has launched a 1 billion euro ($1 billion) fund to invest in technology start-ups with an eye on sustainability, it said on Tuesday. Cathay Innovation's third venture fund, backed by multinationals including French drugmaker Sanofi, will focus on sectors such as artificial intelligence, digital health, new mobility and financial technology, it said. "We believe the time is now to accelerate digital transformation over the next ten years, as…