Sinar Mas provided $250m for Dana while Prosperity7 Ventures led a tranche that took Insilico’s series D round to $95m.

Recruit Holdings participated in CleverTap’s $105m series D round while Liberty Media led a $100m series D for sports media platform Overtime.

Legend Capital-backed MicuRx has floated on the Shanghai Stock Exchange and Intel Capital took part in Geek+’s $100m series E1 round.

ETS Global led a $210m round for UpGrad while CrowdStrike's Falcon Fund took part in Talon Cyber Security's $100m series A.

Some 37 newly-launched or refunded venturing units made investments in the IT sector between June 2021 and May 2022.

These were some of the key people moves in corporate venturing departments in the IT sector over the past year.

Corporate venturers from the IT sector completed 191 exits between June 2021 and May 2022 – 125 acquisitions, 30 IPOs, four mergers of equals, six buyouts and 26 other transactions.

By the end of 2021, there were 226 rounds raised by university spinouts, up 9% from the 207 registered in the previous year.

Corporates from the IT sector invested in multimillion-dollar rounds in a variety of sectors – telecoms, consumer, transport, health and IT.

GCV recorded just 205 deals worth $7.42bn involving corporate investors from the IT sector in Q2. That is down more than 60% from last year.