Venture capital firm Octopus Ventures leads $38 million investment in Braid
A infrastructure development with market-wide reach.
· BS Companies
London-based venture capital firm Octopus Ventures, along with KPN Ventures, has invested USD 38 million (around Rs 361 crore) in Netherlands-based enterprise connectivity platform Braid in a Series A funding round. KPN Ventures is the venture capital investment arm of KPN, the Netherlands' leading telecom & ICT service provider.
The analysis
Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- Sectors in the story: Infrastructure, Telecom & Media and Capital Goods & Engineering.
Infrastructure
1M -10.5% · 3M -15.8%
Telecom & Media
1M -0.2% · 3M +0.9%
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Capital Markets
1M -2.9% · 3M -6.3%
Sector moves are the average of the stocks we track in each sector.
In this story
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