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.

Pasqal's $109m series B is the fourth corporate-backed round for a quantum computing startup this month, and its capabilities make the sector a strategic bet for a range of corporates.

Sublime Systems raised $40m for its decarbonised cement technology as corporates like Siam Cement Group seek to cut sky-high emissions from building materials.

WM Motor is executing a reverse merger at a hefty cut from its 2021 valuation, showing the big risks involved with investing in China's saturated electric vehicle sector.

The $275m round, the largest series B for three months, featured several pharmaceutical companies and is part of a thriving environment for gene therapy startups.