Transport

Mitsui Chemicals’ newly formed $36.8m 321Force unit will focus on healthcare, mobility, ICT and sustainable materials.

The debt finance deal gives FTX the chance to buy crypto management tool developer BlockFi for up to $240m - less than 10% of its last valuation - and the news should be making equity investors nervous.

Astra Group took part in a $41m round for digital bank Yap while GV led artificial intelligence developer platform Modular AI's $30m seed round.

We've condensed down three days of talks, networking and demos at the GCVI Summit in Monterey into these insights.

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.

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.

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

If a CVC unit wants to bring in outside money, it needs a great track record, a unique angle and skin in the game.

Susquehanna Growth Equity has led a $62m series B round for speech-to-text software provider Speechmatics, while Fidelity’s Eight Roads unit led digital asset data aggregator Kaiko's $53m series B.

The motor company CVC is launching its second Exploratory Fund vintage later this year.