Health

The nine-year Philips veteran is joining Ascension Ventures as medtech and life sciences investment leader.

The management change comes as OSF Ventures launches its third and biggest fund to date.

Three carmakers helped semiconductor producer CanSemi raise $670m while 574 Invest, RATP Group and Groupe Chopard backed a $167m round for vehicle charging network Electra.

Chanel and Kraft Group were among the investors in Evolved By Nature’s $120m series C round, while Prosus led a $39m series B for Sharebite.

UT Southwestern Medical Center spinout ReCode Therapeutics has now raised a total of $200m in its series B round from investors including Osage University Partners.

Siemens and Volkswagen provided $450m for the latter's Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.

If a CVC unit wants to bring in outside money, it needs a great track record, a unique angle and skin in the game.

Susquehanna Growth Equity has led a $62m series B round for speech-to-text software provider Speechmatics, while Fidelity’s Eight Roads unit led digital asset data aggregator Kaiko's $53m series B.

The Microsoft and Green Bay Packers-backed VC firm is raising a second vehicle more than triple the size of its predecessor, according to a filing.

Prosus helped B2B e-commerce platform ShopUp lift its series B round to $174m while SPIL Ventures co-led a $70m series C for trucking optimisation platform Deliveree.

Healthcare venture firm Seae Ventures' founders had previously set up corporate VC unit Zaffre Investments only to face issues surrounding independence and regional focus.