IT

The founder and CEO of the corporate fund announced his exit to pursue other investment projects in climate tech and sustainability.

Abhishek Shukla, who recently left Hewlett Packard Pathfinder, is moving to lead the enterprise and deep-tech investments at Prosperity7 Ventures, a subsidiary Saudi Aramco.

Klarna's 83% drop in valuation to $6.7bn is the most visible harbinger of a buy now, pay later sector suffering from defaults and competition - some from the same corporates investing there.

DeNA and Seibu Holdings helped Allm raise $180m, while several corporates are exiting ViaCyte in a $320m acquisition.

The number of crypto and token funding rounds is still climbing but the overall volume of capital in these deals has fallen sharply.

Corporates are still investing in startups but valuations have fallen dramatically. Some areas such as China and healthcare have been hit hard.

Rajeev Misra will step back from his role at the Japanese investment company, following a spate of recent departures.

Volkswagen and Ingka Group helped Northvolt secure over $1bn while Dai-ichi Life has led a $120m series C for YuLife.

Being an early customer for startups — rather than investing in them — can increase the amount of technology a corporate can bring in 10x.

Legend Capital led a $150m series E round for ClinChoice while Wemix took part in a $31.8m round for Planetarium Labs.

Oxford Quantum Circuits' series A round is already among the largest for a European quantum company and could still go higher.