Energy

Monthly report: September 2020

Innovative region: Japan

Dealflow still growing in anticipation of low carbon future

The GCV Digital Forum 2.0 last month combined Global Corporate Venturing’s regional and sector events – GCV Asia Congress, Synergize and Energy.

AMS, a developer of energy value assessment software, had raised $52m from investors including Engie, AGL Energy, Southern Company and GE Ventures.

US-based vegetarian food producer Livekindly Collective closed $135m in funding from investors including food ingredient developer Griffith Foods.

John Wei, a GCV Emerging Leaders award winner this year, is departing from Sabic Ventures after six years.

Eli Lilly is to exit the genetic sequencing system provider Readcoor in a cash-and-share acquisition by 10x Genomics. This is one of the relatively few exits we have seen in this space over the past decade.

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

The investment and collaboration unit combines portfolio companies and corporate venturing staff from Eon and peer Innogy, which it acquired earlier this year.

The cash will go to the solar energy provider's solar modules and systems subsidiary, CSI Solar, in advance of a planned IPO in China.