Health

Bertelsmann vehicle BAI Capital co-led a $150m C2 round for payment card provider Stori while Sram and Mram supplied $100m in series A funding for blockchain ecosystem developer 5ire.

"It's not the job of a corporation to emulate the investment strategy of a Silicon Valley VC," says change management consultant Greg Larkin.

NextEra Energy, SK and Mitsubishi Heavy Industries America were part of a $300m round for Monolith while Superscrypt helped Safe secure $100m.

Alphabet unit GV participated in autonomous flight technology developer Merlin Labs’ $105m series B round while several corporates helped Cathay Innovation close a $1bn fund.

The newly formed Qlarant Capital will invest up to $2m in healthcare technology startups and is being overseen by Qlarant CEO Ron Forsythe.

An economic downturn is a great time to back startups on better terms. But investors should be careful of the tricky politics of down rounds.

Sanofi, Access Industries and Alphabet helped Areteia Therapeutics raise $350m, and Nordisk Games acquires Supermassive Games.

The exit comes as Trenkle accepts his new position at Novo Ventures, the venture capital arm of Novo Holdings.

Klarna's 83% drop in valuation to $6.7bn is the most visible harbinger of a buy now, pay later sector suffering from defaults and competition - some from the same corporates investing there.

DeNA and Seibu Holdings helped Allm raise $180m, while several corporates are exiting ViaCyte in a $320m acquisition.