Sonnen is set to be acquired by existing investor Shell for an undisclosed sum, while General Electric, Envision Energy and Inven Capital will also exit.

OP Corporate Bank has backed a $22.6m round for Nordcloud, which the cloud infrastructure developer will use to hire new staff and grow internationally.

Regenerative craniofacial implant manufacturer OssDsign has amassed $19.7m altogether as it prepares to take its products based on Karolinska and Uppsala university research into new markets.

Cédric Van Nevel has departed Bekaert to become an investment manager at Qbic, a venture fund manager focused on spinouts of Ghent, Brussels and Antwerp universities and of Vito.

The gains came against a backdrop of falling net profits and cash reserves that will test Karolinska Development as it looks ahead to convertible debt obligations.

The Statkraft-backed energy management software producer has secured $13.1m series B funding from financial services firm BNP Paribas and Set Ventures.

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

Axovant Sciences has spun out its small molecule team into a startup called Arvelle, which will develop an anti-epileptic drug after raising more than $100m in external funding.

General Motors has reportedly purchased a 35% stake in the automotive data sharing platform through a cash and data deal that valued it at $275m.

Stripe and General Catalyst co-led the series B round, which reportedly increased the finance management software developer's total funding to $60m.