Robert Bosch's corporate venturing subsidiary is launching a Boston office in connection with the launch of a $253m fund, its largest yet, according to Philipp Rose.

Galen Joneja has been promoted to venture manager at Schlumberger New Energy, the company division of the US-French global oilfield service conglomerate

Sanofi, Access Industries and Alphabet helped Areteia Therapeutics raise $350m, and Nordisk Games acquires Supermassive Games.

The exit comes as Trenkle accepts his new position at Novo Ventures, the venture capital arm of Novo Holdings.

The founder and CEO of the corporate fund announced his exit to pursue other investment projects in climate tech and sustainability.

Klarna's 83% drop in valuation to $6.7bn is the most visible harbinger of a buy now, pay later sector suffering from defaults and competition - some from the same corporates investing there.

DeNA and Seibu Holdings helped Allm raise $180m, while several corporates are exiting ViaCyte in a $320m acquisition.

Allianz X helped digital insurance provider Coalition raise $250m while protein synthesis technology developer Nuclera hiked an E Ink-backed series B round to $58m.

Repsol and the ESG investor will look for other investors to help back the “double transition” with the new fund as the oil major also rebrands its other investment vehicle.