Energy

The third annual Global Corporate Venturing Israel conference took place in Tel Aviv on February 11 in partnership with local corporate innovation advisory firm Axis Innovation.

Sector analysis: Industrial

Wipro Ventures exited email security software developer Emailage, when it was acquired by LexisNexis Risk Solutions. The sizeable deal is part of the wider cybersecurity space which has been popular over recent years.

Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.

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

The Spain-based energy utility is set to contribute approximately $23m to the vehicle, which will invest in renewable energy technology developers.

Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.

Oil provider Helen has hired Fortum alunmus Mikko Huumo to set up a $55m coprorate venturing fund that will focus on transition in the energy industry.

The semiconductor technology producer has gone public through a reverse merger with penny stock company Peninsula Acquisition and received $21.5m from investors including Marelli.

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.

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