Energy

Cox Enterprises invested in digital media company Axios at a $430m valuation while Bristol Myers Squibb helped enzyme drug developer Nitrase Therapeutics boost its series A round to $45m.

Jens Madrian introduces Neom Energy, which is set to start investing in technology companies from 2023.

AES and Siemens are each retaining nearly 35% of the energy storage system provider, which has closed an upsized initial public offering.

The energy provider's National Grid Partners unit has deployed a total of $24m to Cogniac, AptEdge, Finite State, TS Conductor, Sync Computing and Risilience

GCV editor-in-chief James Mawson gave welcoming remarks together with chair Ignacio Gimenez, managing partner of BP Ventures.

The electofuel provider's latest round was co-led by NextEra Energy Resources and Amazon Climate Pledge Fund and included Mitsubishi Heavy Industries.

E-commerce fulfilment technology provider Fabric closed a series C round, backed by Koch Industries and Harel Insurance and Finance. This is one of the latest sizeable rounds in the still booming e-commerce space.

Wells Fargo Strategic Capital took part in a $52.5m round for digital mortgage platform developer Maxwell while corporate-backed music distributor UnitedMasters closed a $50m series C.

The energy group’s Racial Equity Capital Fund will run for the next three years and will supply equity and debt financing for minority-owned businesses.

Cybersecurity software developer Sonrai Security, small business insurance provider Coterie and fashion brand Love, Bonito each raised $50m in corporate-backed rounds.