Sectors

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

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

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.

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.

The Saudi Aramco unit has hired Sean Lee after adding fellow corporate venturers Daisy Garcia and Abhishek Shukla to the team in recent weeks.

Tai Panich will now hold the CEO position at SCB 10X while maintaining her current post of chief venture and investment officer.

Greer Carper joined Fortem Technologies as CFO and VP of corporate development, having led Boeing’s corporate venturing activities from 2017.

The application security software provider has emerged from stealth having secured funding from MRV, 468 Capital and DNX Ventures.

Lockheed Martin doubled the size of its venture arm to $400m while Ingevity, Geely, SKC and Daishin participated in Nexeon’s $170m series A round.

The unnamed vehicle was revealed at the inauguration of Panela House, the corporate’s Brazil-based open innovation space.