Industrial

The number of corporate-backed deals dropped by 13% year-on-year in May, the first clear sign that the market pullback is having an impact.

SoftBank Latin America Fund is among the investors in payment technology provider Kushki’s $186m series B round while Maruho co-led inflammatory disease drug developer Upstream's $200m series A.

Envision Group’s Envision Digital subsidiary raised $210m in series A funding while Sarnoff Corporation’s Intuity Medical spinoff will shut down at the start of July.

Investment in defence startups is at record levels this year, with Raytheon the latest to set up an investment arm. This is their strategy.

SAIC Motor and GAC Group took part in industrial software developer UniVista Industrial's $164m pre-series A round while multiple corporates helped biotech incubator Doma Biopharmaceutical raise $142m.

If venture is a “pillar of national importance,” then China has developed its soft power skills well, especially in deeptech.

With a new $500m vehicle, Binance became the latest crypto company to amass huge piles of capital to build up the industry.

Biren Technology helped provide $120m for CPU producer HJ Micro while ArcelorMittal is set to invest $100m a year through its XCarb Innovation Fund and Accelerator Programme.

Researchers or investors could face jail terms if they work with someone they “ought to know” is under the direction of a foreign power.

Orphan CNS therapy developer Minoryx Therapeutics closed a $54.8m series C and MIT's The Engine co-led a $10.5m seed round for Foundation Alloy.

Every day, Global Corporate Venturing rounds up the news from across the corporate innovation ecosystem.