IT

ETS Global led a $210m round for UpGrad while CrowdStrike's Falcon Fund took part in Talon Cyber Security's $100m series A.

SoftBank's Vision Funds have now posted paper losses of over $49bn in the past two quarters as the downward trend for tech stocks puts pressure on its parent company.

Corporates from the IT sector invested in multimillion-dollar rounds in a variety of sectors – telecoms, consumer, transport, health and IT.

Some 37 newly-launched or refunded venturing units made investments in the IT sector between June 2021 and May 2022.

Corporate venturers from the IT sector completed 191 exits between June 2021 and May 2022 – 125 acquisitions, 30 IPOs, four mergers of equals, six buyouts and 26 other transactions.

These were some of the key people moves in corporate venturing departments in the IT sector over the past year.

By the end of 2021, there were 226 rounds raised by university spinouts, up 9% from the 207 registered in the previous year.

GCV recorded just 205 deals worth $7.42bn involving corporate investors from the IT sector in Q2. That is down more than 60% from last year.

Corporate-backed deal numbers are remaining resolute in India but cash levels are dropping sharply as the space remains ever more reliant on the consumer economy.

Maersk Growth took part in Afresh’s $115m series B round while ZeroFox acquired a Nasdaq listing when it completed a reverse takeover.

The security awareness group’s CVC unit will focus on the human layer of cybersecurity.