IT

Corporate-backed investments in energy storage technology have quadrupled in value in the last quarter as energy prices soar.

FTX and Coinbase took part in a $200m round for NFT game developer Limit Break while Schaeffler, Kingspan and Marcegaglia backed H2 Green Steel’s $190m series B.

From board seats to leading rounds to deciding when to back boom stocks — there are a lot of VC obsessions that corporate investors can skip.

HubSpot Ventures has hired Nate Morgan after a combined six years at Springdale Ventures, Evercore and Deutsche Bank.

Bertelsmann-backed paywall management software provider Zephr is set to be acquired by Zuora in a $44m deal while Meituan co-led a $875m round for EV battery producer Sunwoda.

Lunar Energy disclosed $300m from investors including Sunrun and SK, and acquired Honda, Itochu and Tokyo Electric Power-backed Moixa for an undisclosed amount.

Intel Capital co-led an extension that took Anyscale’s series C round to $199m while Saudi Aramco's Prosperity7 fund helped Zilliz lift its series B to $103m.

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.

Hanwha Life took part in a $20m series B round for Airs Medical while Allianz-backed AV8 Ventures helped Think Bioscience close $17m in seed funding.

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