Energy

Corporates are still investing in startups but valuations have fallen dramatically. Some areas such as China and healthcare have been hit hard.

Being an early customer for startups — rather than investing in them — can increase the amount of technology a corporate can bring in 10x.

KT and Kakao Ventures were part of AI chip developer Rebellions’ $72.8m series A round while Nvent helped provide $35.8m for cooling system provider Iceotope.

The departure comes as Garcia accepts a new position at Saudi Aramco‘s venture fund, Prosperity7 Ventures.

Legend Capital led a $150m series E round for ClinChoice while Wemix took part in a $31.8m round for Planetarium Labs.

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.

Roee Furman of Doral Energy-Tech Ventures sits down for a chat about investing in the future of energy.

We've condensed down three days of talks, networking and demos at the GCVI Summit in Monterey into these insights.

Devon Energy Ventures manager Kyle Haustveit tells GCV the team recently closed a third fund investment, after the parent firm’s first two commitments to Altira Group Fund VI and VII. Devon Energy was the top performing stock on the S&P 500 in 2021.

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.