Energy

XGS is the third geothermal startup to raise cash this year, as the industry looks to overcome drilling costs and geography.

Healthcare systems are failing BIPOC women, but entrepreneurs are trying to fill some of the gap — if they can get the funding.

• Corporates invested 43% less capital in startup funding rounds in 2023 compared with the previous year. • The number of active corporate investors fell by 17%, as many opted to wait out poor market conditions. • The number of corporates taking LP positions in VC funds fell to its lowest level in a decade.

Statkraft has contributed to a series B round for Aira, which is tackling a heat pump market CEO Martin Lewerth believes can reach €150bn in size every year.

Backed by JPMorgan Chase, Honeywell, Amgen, Mitsui & Co, Quantinuum is working both on quantum hardware and software — and is now one of the biggest players in the field.

After a decade at Air Liquide in various roles, most recently managing director for its CVC unit, Vincent Brillault joined Audacia.

Oil and gas conglomerate Aramco Oil Company has injected an extra $4bn into Aramco Ventures to further push development in disruptive technologies.

Abhishek Shukla has been promoted from partner of enterprise, infrastructure and deep tech investments to managing director at Prosperity7 Ventures.

GUV is launching a weekly spinout tracker to surface the most exciting new and emerging companies based on university research.

Six tips on how to create a high-performing platform team that can create strategic value from startup investments.

GV backs another spinout by MIT’s serial entrepreneur Feng Zhang as epigenetics becomes an emerging area of healthcare.