Healthcare

Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.

Xiamen C&D took part in OriCell Therapeutics’ $120m series B round while Shopify provided $100m in funding for Klaviyo.

Social Leverage Acquisition Corp I will acquire AMD and ConsenSys-backed W3BCloud while China Life took part in a $300m round for Taibang Biologic.

Varian Medical Systems has hired Tali Hirsch, formerly venture investment director at Fresenius Medical Care North America, as director of strategy and corporate development.

Actis is set to acquire a majority stake in Mitsui and Equinor-backed Yellow Door Energy while GMO, Yara International and Digital Garage all backed Jai Kisan's $50m series B round.

Qualified psychiatrist Ben Robbins is the third general partner on GV's life science investment team having joined the unit eight years ago.

The Japanese medical equipment maker is looking for more medtech startups working on minimally invasive technologies.

Varian Medical Systems has hired Tali Hirsch, formerly venture investment director at Fresenius Medical Care North America, as director of strategy and corporate development.

Corporates are still investing in startups but valuations have fallen dramatically. Some areas such as China and healthcare have been hit hard.

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