Energy

Siemens and Volkswagen provided $450m for the latter's Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.

If a CVC unit wants to bring in outside money, it needs a great track record, a unique angle and skin in the game.

A range of corporates helped hydrogen system developer Electric Hydrogen raise $198m while Shell and Chevron backed fusion energy system developer Zap's $160m series C.

Illumina and Celgene could exit genome researcher Human Longevity in a reverse merger while Openly raised $75m from investors including Advance Venture Partners and Gradient Ventures.

Asian, fintech-focused and less than seven years old – some of the CVC trends we saw when compiling the Global Corporate Venturing Directory.

GV took part in food delivery service Wonder Group’s $350m series B round while two Hanwha subsidiaries contributed to a $145m round for eVTOL aircraft developer Overair.

The 10-person team at Prologis Ventures is on the smaller end of the scale but has made 37 investments over the past six years.

Each team member will do every part of the process, from scouting, selection to presenting ideas to the business units.

TDK Ventures started with a minimal team size while it was proving itself and grew it when the portfolio needed more support.

Capita Scaling Partner's equity-for-services model needs a team of 28, most focusing on finding synergies between the parent and the startup.