Energy

Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.

Spinouts have defied the slump in the rest of the market, with deal numbers up 10% from last year. The average size of seed and series B rounds has actually increased.

There are five key factors that have helped the US oil and gas company's corporate investment unit keep going for 23 years.

Strong collaboration between Applied Materials and the startups Applied Ventures invests in is part of the reason the CVC unit has kept going so long.

Only a small portion of CVCs have lasted longer than two decades. Here are their secrets to staying the course.

The oldest standing CVC in the world owes its staying power to discipline, adaptability and unwavering management support says Debi Watson.

Corporate investors rarely acquire the portfolio companies they invest in, but most will still negotiate special rights around an exit.

AbbVie is acquiring Amgen-backed DJS Antibodies for $255m while Legend Holdings took part in a $56.6m series C round for VectorBuilder.

Oil and gas majors have seen a lot of turnover in senior CVC roles over the past year.

Corporate investors continue to be bullish about investing in the energy transition, even into 2022.

The energy sector's bull market extended into the academic world, with a record number of funding rounds raised last year by energy-related university spinouts. The trend is holding up so far in 2022.