Energy

Royal Vopak, Mitsubishi and Covestro helped the Erlangen–Nuremberg hydrogen storage technology spinout collect $19m in funding.

Equinor Energy Ventures and Evergy Ventures chipped in to help bring grid management software provider Sunverge's overall funding to nearly $65m.

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.

Novo provided $72m in series E funding for the waste-to-ethanol technology producer, which counts the likes of Mitsui, Siemens and Petronas as existing investors.

Walmart is set to invest $50m in the fresh fruit and vegetables supply chain operator, joining the likes of Qualcomm, Syngenta and Doosan among its investors.

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

Ackermans & van Haaren and existing investor Globachem contributed to the $38.9m series C round, which will support the launch of Agrosavfe's first biofungicide product in the US.

Schneider Electric has been joined by Landis+Gyr, MKB and IDO Investments for a $10m series B extension that boosted the home energy monitoring platform's total funding to $50m.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

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

Bennett Cohen has left Shell Ventures to join Petronas' corporate VC vehicle, which was set up by former GE Ventures managing director Ricardo Angel earlier this year.