Health

With multiple LPs, Kortex Ventures is working to bring together a fragmented healthcare sector.

SK has provided $50m in funding for Ascend Elements while ServiceNow took part in a $35.6m series C round for Fairmarkit.

Alternative batteries and green steel get corporate backing, while the dairy industry cleans up its footprint and satellites go hyperspectral.

Peijia Medical participated in JenaValve’s $100m series C round while L Catterton led Planted Foods’ series B extension, lifting it to $93m.

Tencent and Sony have provided $263m for FromSoftware while Piramal Capital & Housing Finance backed EarlySalary’s $110m series D round.

Corporate-backed investments in energy storage technology have quadrupled in value in the last quarter as energy prices soar.

FTX and Coinbase took part in a $200m round for NFT game developer Limit Break while Schaeffler, Kingspan and Marcegaglia backed H2 Green Steel’s $190m series B.

The $7.2m Ricoh Biomedical Startup Fund was formed by the imaging technology producer to back up its recent acquisition of mRNA drug developer Elixirgen.

From board seats to leading rounds to deciding when to back boom stocks — there are a lot of VC obsessions that corporate investors can skip.

Bertelsmann-backed paywall management software provider Zephr is set to be acquired by Zuora in a $44m deal while Meituan co-led a $875m round for EV battery producer Sunwoda.

Healthcare companies may be driving a public markets recovery while Lunar Energy, helmed by Tesla's former head of energy, has emerged from stealth with $300m.