Terna Forward has been allocated over $50m and will look to invest in external companies as well as spinning off innovative technology through an incubator model.

The new fund will invest in software, mobility services and sustainability.

Shiseido China launched a new fund in August that will help it expand into areas like men's skincare and medical cosmetology.

MassMutual Ventures doubled down on its ESG plans with a fund that will back up to 20 startups, lifting its capital under management to the $1bn mark.

The agricultural chemicals producer is widening its investment remit, looking at everything from fintech for farmers and soil health.

The German chemicals producer — already an investor in China and Singapore —  wants early access to disruptive Japanese deeptech startups.

NCSoft invested $15m in Mysten Labs to take the latter’s series B round to $300m while Porsche backed Xanadu’s $100m series C.

Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.

Several new entrants to the corporate venturing sector could keep the number of active units above their pre-pandemic highs.

DSG Ventures has launched with five investments and marks the rare instance of a sports retailer launching a strategic fund.