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

University of Cambridge flow sensor spinout Flusso was previously backed by the university’s Cambridge Enterprise tech transfer office in June 2017.

University of Bristol Enterprise Fund has returned with more cash for irrigation system developer Lettus Grow, founded by Bristol graduates and students.

The private equity firm's debut growth fund has closed at its $76.6m hard cap following commitments from Henkel, Axa and Philips.

Sky Startup Investments & Partnerships has hired Eva Rez, a former investor at Episode 1 Ventures, to assume an investment manager position.

Sunfire, a provider of gas and fuel production equipment, has received $28.8m in a round led by new strategic partner Paul Wurth that included corporates CEZ and Total.

Founded out of TUM, transmission gear manufacturer ZG-Zahnräder und Getriebe has been bought by Mahle to bolster its integrated drive system capacity.

Tencent and Allianz-backed mobile bank N26 will use the proceeds from the Insight Venture Partners-led round, which valued it at $2.7bn, to expand into the US.

Vorwerk Ventures returned to reinvest in the smart luggage developer as part of an $11.4m round that also featured Project A and Milano Investment Partners.

ETH Zurich spinouts lifted their total funding haul to $173.3m from $123.1m in 2017.