The conglomerate plans to invest in poultry and agriculture startups that will be able to access IB's farming expertise and technology.

Bic Camera, Brother Industries, Hi-Lex, Nac, TIS, Tokai and Towa were among the backers that supplied $32.3m for pneumatic exoskeleton developer Innophys' series C funding.

Evergy Ventures, Equinor Energy Ventures and existing investors Statkraft Ventures and UL Ventures chipped in as the wind power maintenance platform developer took its total funding to $29m.

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

Axel Johnson's Novax unit has backed Uppsala University materials spinout Disruptive Materials, which last raised funding in 2016.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Low-orbit micro-satellite producer Satellogic raised $50m, 40% of which was provided by existing investors including Tencent.

UCD-founded wasterwater purification spinout OxyMem has been bought by DowDuPont, already one of its shareholders.

Grain-industry data management platform Bushel secured $19.5m from Continental Grain among others to take its total funding to $28m.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.