Daisuke Otsuka, head of the firm’s business incubation office, says his unit is helping adapt to the car industry’s once-in-a-century transformation.

EDB has added about $14m for the second Corporate Venture Launchpad to help corporations launch innovative spinoffs.

BAI Capital is the second Asian venture affiliate of the media group to close a huge fund in the past month, having brought on limited partners including internet and insurance groups.

Thirteen corporates invested a total of $1.31bn in quantum computing start-ups in 2021. That is a 68% rise from 2020. But is this nascent sector ready to see even bigger corporate cheques?  

Being from a small country with few resources, Doral Energy has had to innovate fast. Its CVC is no different.

SAIC Motor’s Shang Qi Capital vehicle led RT Advanced Materials’ $740m series D round while Contentsquare pulled in $600m from investors including SoftBank Vision Fund 2.

Intesa Sanpaolo Group helped online property marketplace Casavo pull in over $400m while collaborative robotics developer Jaka raised $150m from investors including SoftBank and Saudi Aramco.

Google, Chevron and Sumitomo were part of fusion power system developer TAE’s $250m series G2 while GMO VenturePartners and Christie's Ventures formed new funds.

Eli Lilly and Illumina took part in liquid biopsy developer Delfi Diagnostics' $225m series B round while Sompo, Yamaha Motor and Bridgestone invested $87.8m in driverless vehicle software provider Tier IV.

Bertelsmann vehicle BAI Capital co-led a $150m C2 round for payment card provider Stori while Sram and Mram supplied $100m in series A funding for blockchain ecosystem developer 5ire.