The Big Deal

UBS and Goldman Sachs were part of a $23m round for Droit, which is expanding its regulatory compliance product to wealth management in a risk-conscious financial sector.

Recharge Industries may be purchasing prospective battery producer Britishvolt out of insolvency but its collapse highlights the risk corporates face backing infrastructure-heavy startups.

Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.

GV helped head up a 35-strong investor network backing Curie, which has raised $520m to bring CVC-like strategic help to its seed-stage drug developer portfolio.

Penske Media's $100m investment in Vox Media halved its valuation, as the digital media sector continues to consolidate while its companies struggle against prevailing trends.

The environmental analytics provider's National Grid-backed series B round shows the interest around startups who can use data to help corporates fulfil their environmental data requirements.

The Go-Ventures led series A comes after Pickup Coffee opened more than 60 locations in the Philippines in its first year, bringing together localisation and tech to fuel rapid growth.

Andrew Chang, MD of United Airlines' venture unit, tells us sustainable jet fuels like that of portfolio company Viridos are a strategic priority, but how viable will they be long term?

Kratos Studios and Chaos Labs each secured $20m, part of a raft of rounds this week showing corporates are still backing new Web3 startups despite the FTX fallout.

The environmental analytics provider's National Grid-backed series B round shows the interest around startups who can use data to help corporates fulfil their environmental data requirements.