Sector analysis: Energy

The GE Ventures-backed energy services marketplace has raised fresh funding in a series D round led by Andreessen Horowitz nine months after its series C.

The petroleum producer plans to invest $350m in a newly formed unit called Petronas Corporate Venture Capital that will follow a separate $250m fund in July.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Meghan Sharp, number two on this year's GCV Rising Stars list, is taking the COO role at Beyond Limits, leaving investor BP Ventures to do so.

The power producer has hired Álvaro Reguera Ferrer and Elena de Benavides Jimenez, the former having been in an investment role at Repsol.

Fortum has selected startup investments and acquisitions manager Mikko Huumo as its new head of external venturing.

Suncor contributed to the second close of cleantech-focused venture firm ArcTern's second fund, which is now working towards an expanded target.

Elemental Energy was among the participants as the energy storage system developer raised a combination of equity, debt and project development financing.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.