The hire is part of its goal to strengthen its presence in the biotech sector and expand its international investment platform.

eToro, Klarna and Circle have reportedly all suspended work on their initial public offerings, leaving corporate backers waiting longer for exits.

The launch of the fund follows Sanofi’s investment in a $1bn insulin production facility in Beijing, China.

The family-owned business aims to invest in startups in robotics, predictive analytics, autonomous logistics and next-generation energy solutions.

Daniel Gundel will join Funke to support its buy-and-build investment strategy.

The corporate venturing unit officially launched after several months in stealth.

Some 80% of climate impact is about having too much or too little water, yet water makes up just 3% of climate tech investment. There is an opportunity here.

Venu Pemmaraju is retiring 10 years after launching IT services provider Wipro's $500m corporate VC unit with co-managing partner Biplab Adhya.

Gratz brings energy industry and VC expertise to the EnBW New Ventures team.

The deal, set to make OpenAI the world's second most valuable startup, will include up to $30bn from SoftBank and quadruples the previous fundraising record.