Sectors

The management change comes as OSF Ventures launches its third and biggest fund to date.

Devon Energy Ventures manager Kyle Haustveit tells GCV the team recently closed a third fund investment, after the parent firm’s first two commitments to Altira Group Fund VI and VII. Devon Energy was the top performing stock on the S&P 500 in 2021.

Three carmakers helped semiconductor producer CanSemi raise $670m while 574 Invest, RATP Group and Groupe Chopard backed a $167m round for vehicle charging network Electra.

Chanel and Kraft Group were among the investors in Evolved By Nature’s $120m series C round, while Prosus led a $39m series B for Sharebite.

The cinema and kabuki studio’s Shochiku Ventures subsidiary will target virtual reality and entertainment digitalisation technology developers while its sister programme, Shochiku Accelerator, is accepting submissions until August 10.

Zoom Ventures and RingCentral Ventures invested in video coaching sessions provider TaskHuman’s $20m series B round.

UT Southwestern Medical Center spinout ReCode Therapeutics has now raised a total of $200m in its series B round from investors including Osage University Partners.

Siemens and Volkswagen provided $450m for the latter's Electrify America subsidiary while Leaps by Bayer helped push ReCode Therapeutics‘ series B round to $200m.

Massachusetts Mutual Life's corporate investment arm has more than doubled its available capital in just two years.

BlackBerry Ivy Innovation Fund put up capital to advance cost savings in vehicular maintenance.

Bertelsmann India Investments is diving into a growing funding gap for early-stage startups in the country.