Health

The value of corporate-backed deals slumped in the third quarter, but sectors like energy and telecoms bucked the trend as did a few geographies like Israel.

BBC Studios bought portfolio company Firebird Pictures while SoftBank Vision Fund 2 led a nine-figure round for dental product maker SprintRay.

Such enormous losses help explain why Bytedance in January said it was dissolving its corporate venturing unit.

An overwhelming majority of respondents in our poll said they took board seats — mainly to influence and help the startups in their portfolio.

Prologis Ventures and GV helped supply chain analytics provider Altana raise $100m while Amazon and BHP were among the investors in an $85m round for clean steel technology developer Electra.

Strong branding helped give a canned water producer reach a $700m valuation while the promise of long-term energy storage fueled a $450m mega round.

Q2 Holdings has acquired National Bank of Canada and OpenText-backed Sensibill while ArcelorMittal's XCarb unit was part of Form Energy’s $450m series E round.

The sector is vulnerable to the economic downturn as lenders pull back and higher interest rates crimp borrowing. But pockets of the sector continue to attract financing.

Daiichi Sankyo has hired Shun Asami, previously senior investment director and San Francisco division head at Eisai Innovation.

Solid Biosciences is merging with Sarepta-backed AavantiBio in a $215m deal while Amazon has formed a minority founder-focused $150m fund.

Braskem has formed a $150m corporate venturing initiative while Saudi Aramco's Prosperity7 Ventures fund took part in SingleStore’s $146m series F2 round.