XGS is the third geothermal startup to raise cash this year, as the industry looks to overcome drilling costs and geography.

Digital health is not disappearing as a market but will get a "harsh reality check" says the head of the MSD venture unit.

• Corporates invested 43% less capital in startup funding rounds in 2023 compared with the previous year. • The number of active corporate investors fell by 17%, as many opted to wait out poor market conditions. • The number of corporates taking LP positions in VC funds fell to its lowest level in a decade.

Corporate investors backed 27% fewer funding round in 2023, but CVC units are increasingly resilient and sophisticated in strategy.

Statkraft has contributed to a series B round for Aira, which is tackling a heat pump market CEO Martin Lewerth believes can reach €150bn in size every year.

The venture builder says that moving through ideas quickly, and rapidly killing the ones that don't work, is the best way to build an AI venture.

Pharmaceutical startups have had a strong start to 2024, showing off areas like psychedelic mental health treatments, radiotherapeutic cancer drugs and medicine for underserved populations.

Maersk revamped its Maersk Growth innovation unit in June with a new team and a change in how it invests in tech and sustainability.

Payments is an area fintech investors we've spoken to see as ripe for a shake up. They're also watching for an AI crash and the direction of interest rates.

Startup funding rounds in the transport sector are in decline but investors are now finding enthusiasm for some new technologies — both inside and outside the vehicle.