IT

As SoftBank's Vision Funds pull back, another monster-sized corporate fund emerges. Abu Dhabi Growth Fund is bankrolling a growth-stage fund managed by cloud and AI company G42.

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 The joke is now looking outdated as the technology finally reaches a stage where investors feel comfortable writing cheques for hundreds of millions of dollars towards its development.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.

Spin Master has joined forces with Nørdlight while Aspen Digital and Coinhako took part in Merkle Science’s series A extension.

Suraj Patel has left VC firm Bow Capital after six years and will head the data software group’s corporate venturing arm, MongoDB Ventures.

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.