The CVC unit’s main focus includes growth-stage web3 projects, having already backed companies including Crystal Fun and Mythic Protocol.

Changan Automobile, Contemporary Amperex Technology and China South Industries were all part of Avatr Technology’s $412m series B round.

Integrated online healthcare company Halodoc secures $100m in series D funding, and money-saving app Snoop is acquired.

The third fund – backed by Sabic, BAT, Heraeus and Petronas – is targeting $100m and the latest close included Tong An and Anqing High-Tech Zone.

The pharmaceutical company's Social Impact Venture Capital Portfolio helps improve healthcare access for black and other minority groups in the US.

Sumitomo Mitsui Banking Corporation’s $200m SMBC Asia Rising Fund will back fintech companies in Southeast Asia and India.

A small but growing number of CVCs are quietly reaching fund sizes of more than $1bn. When they get there, life changes in some ways.

The "edutainment" company will use the new money to expand to new markets and bring more high-profile experts to give masterclasses.

Startups creating defence technologies like drones, AI and hypersonics are in demand. But can they work well with big defence contractors?

Blockchain technology provider Venom Foundation is joining Iceberg Capital on a $1bn fund while BioNTech is paying $440m for portfolio company InstaDeep.

Kelun Pharmaceutical spinoff Kelun Biotech raised $581m in a round also featuring Merck & Co, while KreditBee hiked its MUFG-backed series D to $180m.

USAA, Samsung and UEM chipped in as Lumotive raised $13m, while Printpack and Braskem are exiting Nexus Circular in a $150m acquisition.

China Mobile and Hexie Health Insurance co-led Moore Threads’ $215m series B round while Eicher Motors provided $37.4m for Stark Future.

Mitsubishi UFJ Financial provided $200m for Akulaku while various Chinese corporates participated in Freetech’s $100m series B round.