Energy

The acquisition of China-based digital map service AutoNavi for $1.5bn by Alibaba, secured the biggest corporate venturing exit of the quarter, after Alibaba had previously owned a 28% stake in the company.

There were 456 investments in corporate venturing-backed companies worth $14bn, a sharp rise over the 246 investments worth $5.8bn in the first quarter. There were also 38 exits worth $9.7bn, which was a dramatic rise against the 21 exits worth $5.4bn in the first quarter.

As well as investing in the biggest investments, Alibaba also secured the biggest exits, after it acquired China based digital map service AutoNavi for $1.5bn, having earlier backed it. Alibaba was also a big investor in China-based microblogging platform Weibo, which raised $285.6m in an initial public offering (IPO).

A round-up of the biggest corporate venturing dealmakers in the second quarter.

K Road DG supplied the cash, which will be used to scale up installation of Green Charge's intelligent energy storage systems.

The solar cell developer has now secured over $200m since it was founded, as roofing material company GAF joins Sunpower and Spirox in backing the company.

The heat-to-electricity company's Total and SABIC-backed series B-1 round lifted its total funding to more than $21m.

Beringea has invested the cash in the BMW-backed electric vehicle charging company as it looks to expand further into Europe.

Corporate venturing units maintained a brisk deal-making pace in the summer with another busy month in June, although activity was down against the bumper spell of deal-making in May.

In-depth analysis of the venturing ecosystem and infrastructure in Belgium, the Netherlands and Luxembourg.