Sectors

Salesforce, ANZ and Tencent helped Airwallex boost its series E round to $300m while Hermes-Epitek chipped into a $30m series A for Ochre Bio.

BBC Studios bought portfolio company Firebird Pictures while SoftBank Vision Fund 2 led a nine-figure round for dental product maker SprintRay.

Such enormous losses help explain why Bytedance in January said it was dissolving its corporate venturing unit.

Prologis Ventures and GV helped supply chain analytics provider Altana raise $100m while Amazon and BHP were among the investors in an $85m round for clean steel technology developer Electra.

Strong branding helped give a canned water producer reach a $700m valuation while the promise of long-term energy storage fueled a $450m mega round.

Q2 Holdings has acquired National Bank of Canada and OpenText-backed Sensibill while ArcelorMittal's XCarb unit was part of Form Energy’s $450m series E round.

MassMutual's diversity-focused fund-of-funds has been granted an extra $100m, bringing the amount it has invested in CVC activities to $900m.

The sector is vulnerable to the economic downturn as lenders pull back and higher interest rates crimp borrowing. But pockets of the sector continue to attract financing.

Daiichi Sankyo has hired Shun Asami, previously senior investment director and San Francisco division head at Eisai Innovation.

Solid Biosciences is merging with Sarepta-backed AavantiBio in a $215m deal while Amazon has formed a minority founder-focused $150m fund.

As ArcelorMittal's XCarb Innovation Fund backs Form Energy's $450m series E round, its head tells us why the unit is targeting clean energy, hydrogen and smart carbon technology.