GCV Rising Star Grace Chan has been promoted to principal by BP's corporate VC subsidiary after two years in an associate position.

The debt finance deal gives FTX the chance to buy crypto management tool developer BlockFi for up to $240m - less than 10% of its last valuation - and the news should be making equity investors nervous.

The Bloomberg-sponsored venture firm, which focuses on the future of work, has put $75m each into a fourth fund and an opportunity fund, and now has $375m under management.

Astra Group took part in a $41m round for digital bank Yap while GV led artificial intelligence developer platform Modular AI's $30m seed round.

The new Berkeley Frontier Fund reinvents the venture capital model by building in donations to University of California, Berkeley.

The management change comes as OSF Ventures launches its third and biggest fund to date.

Three carmakers helped semiconductor producer CanSemi raise $670m while 574 Invest, RATP Group and Groupe Chopard backed a $167m round for vehicle charging network Electra.

Chanel and Kraft Group were among the investors in Evolved By Nature’s $120m series C round, while Prosus led a $39m series B for Sharebite.

Zoom Ventures and RingCentral Ventures invested in video coaching sessions provider TaskHuman’s $20m series B round.

Bin Yan will become associate vice-president for research and director of the Office of Technology Management in September.