Industrial

Toyota-backed Woven Capital has hired GCV Rising Star Will Fung, formerly investment principal at Samsung Catalyst Fund, for a similar role.

Helmerich & Payne and Liberty Energy backed a $138m round for Fervo Energy, and Shandong Weigao helped Jinjiang Electron raise $103m.

SK provided $100m for Atom Power, while MediaTek, Ta Ya, Simplo and Chunghwa Telecom all took part in TXOne Networks’ $70m series B round.

It is an old joke that nuclear fusion power is 30 years away, and always will be. The joke is now looking outdated as the technology finally reaches a stage where investors feel comfortable writing cheques for hundreds of millions of dollars towards its development.

Virgin Group helped its cruise ship spinoff, Virgin Voyages, raise $550m while American Express Ventures lined up two M&A exits.

After 25 years at the bank, Harrie Vollaard is taking a strategy role with Dutch cooperative enterprise Royal Agrifirm Group.

Galaxy Digital called off its $1.2bn purchase of BitFury-backed crypto wallet developer BitGo while SK Group helped nuclear technology developer TerraPower raise $750m.

Legend Capital-backed clinical services provider R&G Pharmastudies floated in a $174m initial public offering while several corporates exited Pymetrics in an acquisition by Harver.

Corporate VCs are exploring different models of impact and diversity investing - but which is right for you and why?

Sinar Mas provided $250m for Dana while Prosperity7 Ventures led a tranche that took Insilico’s series D round to $95m.

Recruit Holdings participated in CleverTap’s $105m series D round while Liberty Media led a $100m series D for sports media platform Overtime.