Helmerich & Payne and Liberty Energy backed a $138m round for Fervo Energy, and Shandong Weigao helped Jinjiang Electron raise $103m.

Funds Mexico-headquartered building materials provider Cemex and its Cemex Ventures unit have invested an undisclosed amount in Zacua Ventures, an early-stage venture capital fund focusing on sustainable construction and urban technology developers. Public markets API Holdings, the India-based operator of online pharmacy PharmEasy, which counts consumer internet group Prosus, education firm Manipal Education and Medical Group, insurer Medi Assist Healthcare Services and healthcare supply chain company Ascent Health as investors, is delaying its proposed $842m initial public offering to 2023, people privy to the matter told the Economic Times. M&A At-Bay has acquired Relay, the Canada-based digital insurance platform backed by fellow insurer American Family Insurance and insurance brokerage NFP, for an undisclosed sum. Corporate VC unit NFP Ventures led a $3m seed round for Relay in March 2020 that included American Family, before the company added $5.2m in May 2021. Health insurance provider Nib Holdings has paid $12m to increase its stake in portfolio company, Midnight Health, the Australia-based creator of telehealth apps Stagger and Youly, to 63%. Nib had invested $2.9m in Midnight in November 2021 in return for a 50% stake. Funding CompanyCompany descriptionSectorCountryRoundRound size($m)Deal dateInvestorsFervo EnergyGeothermal energy providerEnergy and Natural ResourcesUSN/A13822/08/2022Helmerich & Payne, Liberty Energy; Capricorn Investment Group (Capricorn Technology Impact Fund), Congruent Ventures, Canada Pension Plan Investment Board, MacquarieJinjiang ElectronCardiac condition-focused medical device maker HealthcareChinaN/A10322/08/2022Shandong Weigao Group; Hillhouse Capital Group, HM Capital, Guanghua WutongTamaraFinancial inclusion-payment app providerFinancialUAEB10022/08/2022Checkout.com; Endeavor (Endeavor Catalyst), Public Investment Fund (Sanabil Investments), Coatue, Shorooq PartnersPorton Advanced SolutionsContract gene and cell therapy developer and manufacturerHealthcareChinaB8021/08/2022China Merchants Group (Merchant Health)(China Merchants Capital) (China Merchants Securities Investments) (lead), Fosun (Fosun Health Capital), Porton Pharma Solutions; Gortune Investment, SDICTK, CS Capital, HM Capital, Ruilian Investment, Momentum VentureDeepWaySmart and heavy-duty truck developerServices JapanA67.123/08/2022Baidu, Lenovo Capital (Incubator Group), China Construction Bank (CCB Trust); Qiming Venture Partner (lead), Vlight CapitalKasistoFinance industry-focused digital experience platform developerFinancialUSC31 (updated)22/08/2022Westpac, FIS, BankSouth, NCR Corporation; Naples Technology VendorsUbieAI healthcare guide providerHealthcareJapanC26.222/08/2022NEC (NEC Capital’s NVenture Capital), Dai-ichi Life, Suzuken, Norin Chukin Bank (Norinchukin Capital); Egg ForwardAirgramAudio transcription tool developerITSingaporeA1019/08/2022Pksha (Pksha Sparx Algorithm Fund); Hillhouse (GL Ventures), Linear Capital, CDH CapitalSafeheronSelf-custody service for Web3 companiesITSingaporePre-A719/08/2022Web3Vision (co-lead), Cobo (Cobo Ventures); Yunqi Partners (co-lead), Kryptos, PrimeBlock Ventures, M77 Ventures, ShataCapital, Antalpha Ventures, Waterdrip Capital, 7 O’clock Capital, Fan ZhangDirect-COil leak detection technology providerEnergy and Natural ResourcesCanadaA319/08/2022Henkel (Henkel Adhesive Technologies) (co-lead); GreenSky Capital (co-lead)Stratosphere GamesVideo game publisherMediaGermanyN/A2.922/08/2022Riot Games (lead); 1Up Ventures, Skycatcher, German Games FundObnizIoT platform providerITJapanB2.623/08/2022Kajima (Kajima Ventures), Seibu Shinkin Bank (Seibu Shinkin Capital), Mizuho Bank (Mizuho Capital); University of Tokyo (Edge Capital Partners); Shoko Chukin…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.