Energy

BP is set to invest $70m for the renewables-focused fund, which is managed by a joint venture of its Lightsource BP subsidiary and which has a target size of $700m.

ABB Technology Ventures co-led a round including Chevron that increased sodium-ion battery developer Natron's lifetime funding to more than $70m.

Celebrity Kim Kardashian West’s beauty brand raised $200m at a $1bn valuation from beauty brand Coty.

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

There was a record number of first-time corporate investors in the first half of the year despite corporate venturing activity being down across deals, exits and funds.

Čez Group supplied convertible note financing as part of an $11.2m round for InoBat Auto, which plans to build an electric vehicle battery factory.

Eneos, NEC Capital Solutions and Sojitz were among the investors to back a $26.3m round for the solar energy system installer.

Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.

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

Duke Energy participated in a series C1 round for Zero Mass Water, the creator of a system that converts air and sunlight to drinking water.

One vaccine developer, CureVac, has received a generous backing from Germany’s government-owned development bank KfW, while another – Vaxcyte – went public raising $250m.