IDG made its second investment in the plastics trading platform, which has now raised more than $57m altogether.

Accelerator Plug and Play will help Philips locate internet of things startups in which to invest, with lighting technology set to be a priority.

The semiconductor companies have exited digital power technology producer Powervation, which had raised $40m, in a $70m acquisition by Rohm.

The LED lighting-based sensor maker secured the series C capital from Cisco, Acuity Brands, General Electric and Simon Property Group.

The venture capital fund has enlisted Airbus, Thales, Telespazio, Com Dev and Avanti for a fund that will target companies working on space technology.

Siemens Novel Businesses has acquired the stake in automated robotics developer Magazino held by High-Tech Gruenderfonds.

The agribusiness venture fund, backed by partners including Tereos, AG2R-La Mondiale and Groupama, has funded eight companies since its April 2014 formation.

EDF joined Cisco and a host of Canadian venture capital investors in backing McRock Capital, which is targeting $65m for its industrial internet of things fund.