Energy

The 10th annual Global Corporate Venturing Symposium marked the first return to Europe of the main corporate, university and government venturing units alongside the rest of the venture capital and startup ecosystem. Its mission is: informing, connecting, and transforming the venture ecosystem.

The corporate-backed fashion and beauty marketplace operator listed on the BSE and NSE in India and reached a market cap of $13.5bn.

Glico and Physician Partners helped health test provider Viome raise $54m while real estate data provider CompStak and battery swapping technology developer Ample each bagged $50m.

Cybersecurity platform developer SafeBreach and home improvement technology provider Block Renovation each raised $50m or over in corporate-led rounds.

Satellite launch vehicle developer ABL Space Systems raised a multimillion dollar series B round, which took its total funding to $420m with a $200m extension to its latest round.

Sector report: Oil & gas Q3 2021

While COP26 is about to start and the representatives of almost 200 countries prepare to gather in Glasgow for what has been described as “the world’s best last chance to get runaway climate change under control”, the energy industry is in the middle of a profound metamorphosis that could radically reshape global power production and transform our relationship with the planet’s natural resources.

Global Energy Council Q4 2021 editorial by James Mawson, editor in chief, Global Corporate Venturing

Ubicom Holdings Japan helped gynaecological imaging software developer Illumigyn take its total funding to $33m while Optum took part in a $30m round for health payment technology provider Medallion.

OSI portfolio company First Light Fusion’s co-founder and CEO, Nicholas Hawker, explained how his company’s nuclear fusion technology could contribute to net-zero targets.

GCV’s James Mawson interviewed Energy Transitions Commission chair Lord Adair Turner on the hydrogen space.