Financial

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 investment funds had a boom in 2014-16 which has not been repeated since. But 2021 saw signs of an uptick with telcos in emerging markets creating investment funds.

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