Bertelsmann Asia Investments co-led a $22.1m round that will enable the industrial software provider to expand its engineering and sales teams.

Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.

Frederic Hanika, formerly head of M&A and corporate ventures at Software AG, will lead industrial IoT technology developer Wind River's corporate development team.

Inspection robot manufacturer Invert Robotics was founded out of University of Canterbury in 2011 and has now secured corporate Yamaha Motor as an investor in its latest round.

Alchemist Accelerator has picked out 20 startup companies for its 21st cohort, as it raised $4m of capital from BASF Venture Capital and Qatar Development Bank.

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

Mitsubishi Chemical, Shin-Etsu, Sekisui, Tosoh, Henkel, JSR, PTT GLobal, Adidas, CorrsTek, Severstal and Doosan all contributed to Pangaea Ventures' latest fund.

Motus, which backs spinouts from a range of universities and research institutes, has secured cash from unnamed investors for its Smart World Innovation Fund.

University of Hawaii System’s UH Ventures will participate in a fund of undisclosed size in support of an aquaculture-focused accelerator that will welcome its inaugural cohort this autumn.

Cirtemo, which incorporated University of South Carolina-born MagAssemble, has been acquired by Thorlabs for an unspecified amount.