GSK, Johnson and Johnson and Asahi Kasei helped take Pulmocide’s series C round to $144m while Slingshot raised nearly $41m from investors including Lockheed Martin.

Crypto

Reverse merger

Circle, the US-based blockchain payment platform backed by corporates FTX, Baidu, Bitmain, CreditEase and Wanxiang, has terminated a reverse merger agreement with New York-listed special purpose acquisition company Concord Acquisition Corp. The deal was first announced in July 2021, potentially valuing the merged entity at $4.5bn, before Circle managed to double its valuation seven months later.

M&A

Cryptocurrency group Animoca Brands has acquired…

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Edison Fu

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