Energy

The new energy-focused fund has added Air Liquide's corporate venturing unit to limited partners including CMA CGM and Total Carbon Neutrality Ventures.

Rockwell Automation and existing investor ABB Technology Ventures contributed to a $17.8m round that hiked the digital circuit breaker developer's overall funding to $23m.

SoftBank led a $500m round for the driverless vehicle software spinoff of the ride hailing company Didi Chuxing.

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

Offshore wind technology developer Principle received funding from Tokyo Gas, which joined existing investors including EDP Ventures, Repsol and ASM Industries.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.

The oil and metals producer’s accelerator program has announced five startups for its second edition and hosted the demo day online.

Equinor and Eni Next contributed to an $84m round for nuclear fusion technology startup Commonwealth Fusion Systems following a $115m series A last year.

Xiaomi has invested about $103m in a cash-and-shares deal that involved it increasing its stake in the power bank provider to almost 50%.

US-based construction services provider Katerra received $200m in funding from the SoftBank Vision Fund I, the vehicle formed by telecoms conglomerate SoftBank.

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