Financial

FTX-backed PayUp agreed to merge with IG Acquisition while multiple corporates participated in Line Man Wongnai’s $265m series B round.

The UK government aims to leverage institutional investment including potentially in corporate vehicles.

Mayank Taneja, the new vice-president of OSF Ventures, takes a deep dive with GCV into the way his team works.

RxCelerate took part in Rivus Pharmaceuticals’ $132m series B round while Bank of America and Citi backed AccessFintech’s $60m series C.

This week's most interesting deals included insect-based animal feed and a system that uses kinetic energy to shoot satellites into space.

Beauty treatments, medical procedures and personalisation are blending together, with China at the forefront of these key trends.

Brevan Howard Digital has led a $35m series B round for Messari while Robert Bosch Venture Capital participated in Tulu’s $25m series A.

Corporate investors have a new financial incentive to invest in renewables and climate technologies that often proved economically unviable in the past.

Novo Holdings led a $75m series C round for Kate Farms while PayU and InfoEdge Ventures participated in DotPe’s $58m series B.

Instead of buying Figma for $20bn Adobe might have been better served by expanding its CVC programme. A deal to take out one competitor is standard business practice but doesn’t fix Adobe’s burning platform.

Telecoms companies had 91 exits for their portfolio companies last year, with an estimated total value of $50bn.