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.

Volkswagen and Ingka Group helped Northvolt secure over $1bn while Dai-ichi Life has led a $120m series C for YuLife.

KT and Kakao Ventures were part of AI chip developer Rebellions’ $72.8m series A round while Nvent helped provide $35.8m for cooling system provider Iceotope.

Legend Capital led a $150m series E round for ClinChoice while Wemix took part in a $31.8m round for Planetarium Labs.

Mitsui Chemicals’ newly formed $36.8m 321Force unit will focus on healthcare, mobility, ICT and sustainable materials.

The Bloomberg-sponsored venture firm, which focuses on the future of work, has put $75m each into a fourth fund and an opportunity fund, and now has $375m under management.

Astra Group took part in a $41m round for digital bank Yap while GV led artificial intelligence developer platform Modular AI's $30m seed round.

Devon Energy Ventures manager Kyle Haustveit tells GCV the team recently closed a third fund investment, after the parent firm’s first two commitments to Altira Group Fund VI and VII. Devon Energy was the top performing stock on the S&P 500 in 2021.

The cinema and kabuki studio’s Shochiku Ventures subsidiary will target virtual reality and entertainment digitalisation technology developers while its sister programme, Shochiku Accelerator, is accepting submissions until August 10.

Siemens and Volkswagen provided $450m for the latter's Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.