The Wall Street Journal's Venture Capital Dispatch
January 27, 2020
The Daily Start-Up: A Clean-Tech Troika
Already one of the most active corporate venture investors in energy, General Electric is taking it up a notch by teaming up with ConocoPhillips and NRG Energy to deploy $300 million in clean-tech and other energy-tech companies over the next four years. Three existing GE investments have already received capital from the joint venture.
One of the largest domestic rental car companies in China, eHi Car Rental, is planning a U.S. IPO later this year, and it has picked Goldman Sachs Group along with Deutsche Bank to handle the offering. It probably didn’t hurt that Goldman led a $70 million investment in the company a mere months ago.
Also, OrthoSensor Inc., which is bringing consumer electronics such as accelerometers and advanced sensors to the world of implantable orthopedic devices, has raised a $21 million Series C… LinkedIn has acquired CardMunch, a company that enables users to digitize pesky paper business cards… and On Deck Capital has nabbed $15 million on the wings of strong revenue growth for the provider of small-business loans.
