4Gene is advancing TUM research into exploiting plant-derived glucosides as flexible triggers for releasing flavouring and aromas.

Michael Mahan, a GCV Rising Star in 2018 and former investment manager at Stanley Ventures, has been promoted to managing director of the unit.

Munich Re reinvested in the industrial IoT technology provider's series C round, which supported an acquisition of Bloomberg-backed Alluvium.

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

The organic food processing platform has closed its series C round following commitments from Continental Grain, Bunge Ventures, Eighteen94 Capital and Tyson Ventures.

SK Holdings has led a series D round for Kinestral Technologies, which will use the capital to expand the manufacturing, sales and installations of its smart glass technology.

The newly merged digital construction platform has raised an undisclosed amount of funding from existing investors including corporates Solar and Inventures.

Maana recently won GCV’s inaugural award for energy-tech corporate venture capital (CVC) investment of the year, presented during its Venture Houston conference in November. Now, Maana has gone one-stage further and won the Sub-$50m Investment of the Year award across all industries.

In May last year, Severstal announced the launch of Severstal Ventures – a corporate venture fund that would invest directly as well as through other funds in advanced materials and associated technologies, in Russia and abroad.

Currently valued at over $3bn, Katerra, which aims to revolutionise the construction sector with its technology, is said to be the most well-funded construction tech startup.