Energy

The A123 Systems-backed battery materials tester has secured $20m in a series C round co-led by Flint Hills Resources that took its overall funding to more than $70m.

Quarterly data report: Q3 2019

Monthly analysis: September 2019

Sector analysis: Energy

Innovative region: New York

In mid-October there were six Global Corporate Venturing stories on life sciences startups raising capital.

The GE Ventures-backed energy services marketplace has raised fresh funding in a series D round led by Andreessen Horowitz nine months after its series C.

Our analysis shows that venturing rounds at most stages have grown their median dollar size. Later-stage rounds have experienced a much more pronounced growth.

The petroleum producer plans to invest $350m in a newly formed unit called Petronas Corporate Venture Capital that will follow a separate $250m fund in July.

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

Meghan Sharp, number two on this year's GCV Rising Stars list, is taking the COO role at Beyond Limits, leaving investor BP Ventures to do so.