Financial

A range of corporates helped hydrogen system developer Electric Hydrogen raise $198m while Shell and Chevron backed fusion energy system developer Zap's $160m series C.

Justin Choi, who had previously headed up corporate development at Go-Jek for four years, is set to do the same for Coinbase and its CVC arm in the Asia-Pacific region.

Illumina and Celgene could exit genome researcher Human Longevity in a reverse merger while Openly raised $75m from investors including Advance Venture Partners and Gradient Ventures.

Asian, fintech-focused and less than seven years old – some of the CVC trends we saw when compiling the Global Corporate Venturing Directory.

Cancer biopsy developer Elypta raised $21m in a round led by Bonnier Ventures while Evli Bank led cryptocurrency arbitrage platform Mosdex's $20m series A.

Educational Testing Service was part of a $225m round for digital higher education provider UpGrad while SoftBank helped recruitment software provider Fountain extend its series C to $185m.

GV took part in food delivery service Wonder Group’s $350m series B round while two Hanwha subsidiaries contributed to a $145m round for eVTOL aircraft developer Overair.

The 10-person team at Prologis Ventures is on the smaller end of the scale but has made 37 investments over the past six years.

Each team member will do every part of the process, from scouting, selection to presenting ideas to the business units.

TDK Ventures started with a minimal team size while it was proving itself and grew it when the portfolio needed more support.