Energy

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

Ackermans & van Haaren and existing investor Globachem contributed to the $38.9m series C round, which will support the launch of Agrosavfe's first biofungicide product in the US.

Schneider Electric has been joined by Landis+Gyr, MKB and IDO Investments for a $10m series B extension that boosted the home energy monitoring platform's total funding to $50m.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

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

Bennett Cohen has left Shell Ventures to join Petronas' corporate VC vehicle, which was set up by former GE Ventures managing director Ricardo Angel earlier this year.

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.

China Media Group has led a $14.5m series B round through its Hongxin Capital unit, bringing Gaiya's total funding to more than $25m.

Engie, SunPower, Siemens and GE-backed Tendril Networks has joined forces with Simple Energy to create a utility software provider called Uplight.

Cancer treatment company Biontech raised $325m round backed by Fidelity. The company forms part of the hopeful oncology and cancer treatment subsector of life sciences which has seen much growth and in corporate backing in recent years.

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