Energy

The corporate-backed firm is launching a fund called Bharat in order to expand its focus from clean energy to sectors like healthcare and agribusiness.

Discussion at Kyushu University, Japan, identifies that Fukuoka, under its youthful mayor Soichiro Takashima (he was elected in 2010 aged 36), is one region continuing to explore its options to be a growth centre.

All the VC deals (with named investors) on Friday had effectively corporate or government venture capital angles, including sole rounds by CVCs.

HNA Group has invested $185m in sports streaming platform Le Sports as part of a round that could end up topping $1bn, showing how online companies are helping China's media sector rapidly grow.

Solar and energy efficiency installation company PosiGen has followed $49m of financing from Goldman Sachs with a $20m round backed by Exelon.

Thierry Heles, editor of Global University Venturing, takes an alternate look at one of last week's corporate venturing deals.

The logistics service, backed by Alibaba and a host of other corporates, has reportedly raised funding at a $7.7bn valuation, illustrating the effect e-commerce has had on the logistics sector.

Ballard Power Systems has bought portable power technology company Protonex Technology, which had raised more than $210m, for just $18m in cash and stock.