General partner Steve Schmidt explains how Telstra Ventures managed the transition from internal unit to hybrid CVC firm.

The Telstra-sponsored venture firm expects to raise $350m to $400m for its Fund III in the next few weeks, with backing from institutional investors.

Corporate-backed medical imaging technology producer Lunit is preparing to float in South Korea while cancer drug developer Pheast secured $76m from investors including Alexandria Venture Investments.

SK Hynix, Marvell and M12 helped data centre technology producer D-Matrix pull in $44m while health insurance provider SafetyWing raised $35m from investors including Digital Garage and CreditEase.

Bernstein Management and JBG Smith helped accommodation provider Placemakr raise $90m while crypto custodian Hex Trust netted $88m in a round co-led by Animoca Brands.

Verizon-backed video software provider Beamr Imaging has filed to go public while cancer screening technology developer Mirxes raised $87m.

GS Energy helped hydrogen sensor developer H2scan raise $70m while London Stock Exchange is buying Goldman Sachs-backed trading technology developer Tora for $325m.

JetBlue Technology Ventures alumnus Alex Kaufman has taken a principal position at Verizon's strategic investment vehicle.

Solana and Jump Trading helped crypto wallet developer Phantom secure $109m while HR software provider Gupy netted $93.1m in a round co-led by SoftBank.

The on-demand digital device provider plans to expand through replicating its collaboration with existing investor Deutsche Telekom.