Sectors

The healthcare sector had a record year for investment in 2021 and corporate-backed rounds rose more than 50%, to a record high of $30.51bn.

American Family helped digital auto insurance portal Branch secure $147m while Anthem, Optum and CVS Health all contributed to a $140m round for home care platform developer CareBridge.

Liz Rockett has departed from the healthcare group’s Kaiser Permanente Ventures unit, following in the footsteps of former senior team members Amy Belt Raimundo and Sam Brasch.

GV participated in tech apprenticeship platform Multiverse’s $220m series D round while Amgen, UCB, UPMC and Takeda helped genetics disease drug developer Code Biotherapeutics raise $75m.

Q&A with Kevin Chen, partner, Lam Capital

The Russia-based steelmaker’s Severstal Ventures unit is shutting down amid geopolitical crisis-induced sanctions.

SoftBank Latin America Fund is among the investors in payment technology provider Kushki’s $186m series B round while Maruho co-led inflammatory disease drug developer Upstream's $200m series A.

Envision Group’s Envision Digital subsidiary raised $210m in series A funding while Sarnoff Corporation’s Intuity Medical spinoff will shut down at the start of July.

Investment in defence startups is at record levels this year, with Raytheon the latest to set up an investment arm. This is their strategy.

SAIC Motor and GAC Group took part in industrial software developer UniVista Industrial's $164m pre-series A round while multiple corporates helped biotech incubator Doma Biopharmaceutical raise $142m.

Hint: it's growth, welfare, sustainability — and cryptocurrency, believes Standard Chartered’s CVC unit chief, Alex Manson.