Energy

Comment from Erin Boyd, Proseeder thought leader

The company priced an upsized IPO nearly doubling its valuation six months ago. It is part of a the food delivery space which was given a boost by the pandemic.

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

EDF and Dream Project Incubators are investing in the Africa-based solar system provider, the former having launched a partnership with it two years ago.

Alphabet's Sidewalk Infrastructure Partners will lead the distributed energy network developer's series C round and provide $80m for its virtual power plant.

Cloud-based enterprise software producer Salesforce agreed to acquire Slack, the US-based publicly listed communication platform which previously counted telecoms firm SoftBank, internet conglomerate Alphabet and media group Comcast among its backers.

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

The newly formed Pinnacle Ventures is equipped with $50m of capital and will concentrate on investments in reliability technology.

The CIM and Harel Group-backed provider of solar module cleaning robots said it has notched up $82.5m through a public tender for the offering.

Property engine developer Homesnap agreed to a $250m cash acquisition by Real estate data provider CoStar Group. This is a notable exit in the space in which corporates have been actively investing over the past five years but there have not been many exits.

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