Venture capital firm Grove Ventures has closed its Grove II fund at $120m that includes a $10m investment from Schneider Electric.

The Globis-backed startup accelerator has chosen 12 participating startups for its sophomore cohort, three months after the demo day for the initial batch.

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

Globis, Nihon Unisys and Yahoo Japan have chipped into a $47.3m round for the online sales support platform developer, with half the capital to go to increasing headcount.

McKinsey has bought UVC Partners-backed Orpheus to implement a new service using the company's spending analytics technology.

Koch Disruptive Technologies is among the investors to have been revealed by freight automation technology startup Outrider, which publicly launched yesterday.

Benesse has injected $50m into Udemy at a $2bn valuation, boosting the skills-building platform's overall funding to more than $220m.

Henkel, Robert Bosch and Rocket Internet have exited the on-demand laundry service Laundrapp in an acquisition by Inc & Co.

The online exam preparation service was reportedly valued at $400m in a $110m round featuring Facebook that lifted its total funding to $199m.

Sector report: Services