Illumina Ventures and M Ventures made follow-on investments in synthetic DNA platform developer DNA Script as part of its $38.5m series B round.

Schulte Group has initiated corporate venturing activities through a new unit, Innoport, which will invest in startups developing technologies to transform the maritime transport industry.

Overview of the Global Corporate Venturing Connect corporate venturing meeting in Madrid, hosted by IESE Business School.

Innovative region: Spain

Space Audit Systems has been founded on University of Wolverhampton intellectual property to market software that formalises the process of auditing space usage.

Modvion was founded with support from Chalmers Ventures and will collaborate with Chalmers University of Technology to construct a prototype wind electricity tower made from laminated timber near Gothenburg.

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

ICL medical device developer GripAble has added funding from Triple Point Impact EIS Investment Fund to $198,000 of equity secured from investors including Oxford Technology Management in 2017.

Power grid management technology developer Synaptec spun out of University of Strathclyde in 2014 and has now won support from the corporate-backed Foresight Williams Technology EIS Fund.

SetSquared Bath-affiliate Verv has secured backing from investors including Centrica as it continues the roll-out of its smart energy hub and peer-to-peer trading platform for renewable electricity.