Industrial

There is no let-up yet in the investor pullback, but a series of big energy fundraises helped keep total deal value from falling further.

The value of VC deals in China tumbled 44% to $62.1bn by the end of October, but energy-related startups are still raising big rounds.

Suzano and Yara participated in Agrolend’s $145m latest round while Xencor contributed to Zenas BioPharma’s $118m series B.

Several new entrants to the corporate venturing sector could keep the number of active units above their pre-pandemic highs.

Looking for startups working on building the world more efficiently? Here are a few options — including seven that have had corporate backing.

Cable One provided $50m for Ziply Fiber while Mercuria co-led a series C round the same size for The Mobility House.

Investors either focus almost exclusively on investments where there was a commercial deal, or avoid any requirement at all.

Whether the downturn is a 6-month blip or lasts several years, "it’s a time to be in the game" says CVC veteran Pieter Wolters of DSM Venturing.

Databricks, Dell, HPE and Salesforce were all part of Alation’s $123m series E round while Alphabet took part in AMP Robotics’ $91m series C.

The shutdown of Argo.AI is a blow to the self-driving dream (and a loss for its carmaker backers). But is transport CVC merely maturing?

Geely's subsidiary, GLy Capital Management of Hong Kong participated in Volocopter's $182m extended series E round, with Neom, the Saudi Arabia-based sovereign wealth fund leading the financing