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It is the second fund launched by Origgen Capital to finance ventures based on research and intellectual property.

The costs of making things in space — and getting them back to earth — is high. But infrastructure to bring down the costs is being built.

The decline of cleantech and hydrogen investments is overstated in H1, according to GCV data, while transport investments go cold.

Funding numbers are down as Southeast Asia's startups have failed to keep track with the move to deep tech, but they can overcome that by adopting an international outlook.

Former GCV Emerging Leader Scott Pinizzotto is seeking new climate tech VC opportunities after almost 10 years at Engie's venture unit.

Some 50 corporate-backed startups had an exit in June including six stock market listings and two company closures.

Clifford Platt is departing from his investments-focused role as senior director of corporate development for Nvidia, having helped turbocharge its CVC strategy.

Tulum Energy, spun out of industrial group Techint, has developed a technology that creates emissions-free hydrogen at similar costs to hydrogen based on fossil fuels.

Set the businesses up as independent legal entities from day one, hire outside founders (and give them equity) — but make sure there are structured ways to connect back to the parent company.

The new funding brings total commitments at Propel Venture Partners, which was spun out of the Spanish bank in 20216, to more than $437m.

A shift in focus to premium drinks brands and profitability, along with new strategic direction from the c-suite, may have played a role in Diageo's exit from Distill Ventures.