Valetec Capital Investments will manage the investments.

The fund will primarily invest in medical device, diagnostic, and digital health companies.

In the first part of our look at 2021's corporate venturing trends, we examine the growth in funding, IPOs and SPAC mergers, a big year for M&A and the emergence of CVC in new sectors.

Energy Impact Partners adds electricity distributor to its second fund.

Backed by SAP, Sapphire Ventures closes Fund VI and builds its Sport team.

backed by US bank Wells Fargo, Norwest has closed its sixteenth fund at $3bn.

Databricks Ventures said it would “aggressively seek out the most innovative companies and technologies”.

Isomer said it helped Sompo’s innovation centre in Israel access European startups.

Data storage technology producer Dera pulled in over $150m through a China Unicom-backed series C round while GlobalBees raised in excess of $110m in a round featuring SoftBank and FirstCry.

Credem’s Euromobiliare Asset Management unit has backed Noonum.