Industrial

The value of corporate-backed deals in the energy sector dropped in Q3 but the overall pace of deal making remains steady.

Octopus Energy Generation invested $127m in Be.EV while Centene Corporation and HopeLab took part in Hazel Health’s $51.1m series C1 round.

Battery recycler Ascend Elements and Geely spinoff Farizon each raised $300m while Saudi Aramco launched a $1.5bn Sustainability Fund.

Spinouts have defied the slump in the rest of the market, with deal numbers up 10% from last year. The average size of seed and series B rounds has actually increased.

Only a small portion of CVCs have lasted longer than two decades. Here are their secrets to staying the course.

Strong collaboration between Applied Materials and the startups Applied Ventures invests in is part of the reason the CVC unit has kept going so long.

There are five key factors that have helped the US oil and gas company's corporate investment unit keep going for 23 years.

The oldest standing CVC in the world owes its staying power to discipline, adaptability and unwavering management support says Debi Watson.

Wells Fargo, Greystar, Invitation Homes and Prosus were part of Blit Rewards’ $150m round while Mouro Capital co-led Vesttoo’s $80m series C.

A range of corporates contributed to electric carmaker Aion’s $2.5bn series A round while Prosus took part in a $46m series E for farming services provider DeHaat.

Corporate investors rarely acquire the portfolio companies they invest in, but most will still negotiate special rights around an exit.