Sectors

The head of ABB head of Electrification Ventures is the latest corporate investor to move to an independent fund focused on decarbonisation.

Toyota-backed Woven Capital has hired GCV Rising Star Will Fung, formerly investment principal at Samsung Catalyst Fund, for a similar role.

Helmerich & Payne and Liberty Energy backed a $138m round for Fervo Energy, and Shandong Weigao helped Jinjiang Electron raise $103m.

United Airlines Ventures is willing to look at risky, early-stage sustainable aviation fuel startups to hit decarbonisation targets.

SoftBank Investment Advisers managing partner Sumer Juneja will move to London and lead Vision Funds’ European investments.

Hanwha Life took part in a $20m series B round for Airs Medical while Allianz-backed AV8 Ventures helped Think Bioscience close $17m in seed funding.

SK provided $100m for Atom Power, while MediaTek, Ta Ya, Simplo and Chunghwa Telecom all took part in TXOne Networks’ $70m series B round.

Harel Group took part in DriveNets’ $262m series C round while UBS Next and and Wells Fargo Strategic Capital pumped BigPanda's series E to $210m.

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 The joke is now looking outdated as the technology finally reaches a stage where investors feel comfortable writing cheques for hundreds of millions of dollars towards its development.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