Sectors

Repsol and the ESG investor will look for other investors to help back the “double transition” with the new fund as the oil major also rebrands its other investment vehicle.

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

Stellar Solutions venture associate Noah Feingold will reprise a similar role at the newly formed venture firm.

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.

Q&A with Peter Ortez, senior associate, Munich Re Ventures

KT and Kakao Ventures were part of AI chip developer Rebellions’ $72.8m series A round while Nvent helped provide $35.8m for cooling system provider Iceotope.

Cambridge Enterprise has put cash into CardiaTec Biosciences in a pre-seed round that marks the inaugural deal for Laidlaw Scholars Ventures.

The departure comes as Garcia accepts a new position at Saudi Aramco‘s venture fund, Prosperity7 Ventures.

Fabio Massuda will now sit across investments and portfolio management at the Brazilian firm.

Insurance provider Uniqa's strategic investment arm has hired Kevin Seebacher as its latest investment manager.