Energy

Call centre software producer Replicant closed a $78m series B round backed by Salesforce Ventures while Ashvattha Therapeutics raised $69m from investors including strategic partner Huadong Medicine.

Kaloyan Andonov spoke to Anil Achyuta, investment director of TDK Ventures – the venturing arm of the Japan-based materials group TDK – about the role of advanced materials in decarbonisation, electrification, 3D printing and battery recycling

Sector report: energy Q1 2022

Global Energy Council Q2 2022 editorial by James Mawson, editor in chief, Global Corporate Venturing

Corporate-backed medical imaging technology producer Lunit is preparing to float in South Korea while cancer drug developer Pheast secured $76m from investors including Alexandria Venture Investments.

Migdal and Menora Mivtachim helped supply the renewable energy infrastructure developer with fresh funding which will help expand its operations in the UK and Finland.

Sophie Dingreville, formerly of Munich Re Ventures, has been appointed chief investment officer of BP's digital technology accelerator.

BYD, CATL and PetroChina’s Kunlun Capital vehicle were among the investors in a round valuing the lithium-ion battery material producer at $1.5bn.

The energy recycling technology provider received backing from Mitsui and DRW in a round totalling $505m in equity and debt financing.

The cosmetics producer has supplied over $54m for the first close of the $160m circular economy-focused vehicle, a joint venture for Cycle Capital and Demeter.

Swiggy helped boost Rapido's valuation to $800m in a round that featured Shell Ventures and TVS Motor. This is a deal of a rather surprising size and valuation in a space that has not been as hot over the past years, as far as corporate-backed deals are concerned.