Sectors

MassMutual's diversity-focused fund-of-funds has been granted an extra $100m, bringing the amount it has invested in CVC activities to $900m.

The sector is vulnerable to the economic downturn as lenders pull back and higher interest rates crimp borrowing. But pockets of the sector continue to attract financing.

Daiichi Sankyo has hired Shun Asami, previously senior investment director and San Francisco division head at Eisai Innovation.

Solid Biosciences is merging with Sarepta-backed AavantiBio in a $215m deal while Amazon has formed a minority founder-focused $150m fund.

As ArcelorMittal's XCarb Innovation Fund backs Form Energy's $450m series E round, its head tells us why the unit is targeting clean energy, hydrogen and smart carbon technology.

Braskem has formed a $150m corporate venturing initiative while Saudi Aramco's Prosperity7 Ventures fund took part in SingleStore’s $146m series F2 round.

EnBW New Ventures has brought in renewable energy expert Melanie Beyersdorf to bolster its investment team.

General Mills was among the investors in a $120m round for GrubMarket while Polaris and Hero MotoCorp helped Zero Motorcycles raise $107m.

Non-recyclable plastics making asphalt more sustainable and a vaccine to save the honeybee are just two of 10 inventions that caught our eye.

Shell Ventures investment director says the US legislation that pumps $369bn into clean energy shortens the time it takes for companies to profit from climate tech.

M12 has co-led a $34m round for Ox Security’s while SoftBank-backed Solfácil has upped its series C to $130m.