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…

Edison Fu

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