Energy

Solar cell technology developer Oxford PV has closed a round featuring Meyer Burger, Equinor and Legal & General at $81.8m.

The gas fermentation technology developer raised $30m from BP's corporate venturing unit, adding to earlier funding from the likes of Mitsui and Cargill.

Jera-backed solar and wind power developer ReNew Power has secured three $100m commitments by existing investors Goldman Sachs, ADIA and Canada Pension Plan Investment Board.

ConnectM Technology has acquired the smart vent maker for an undisclosed sum in a deal that handed exits to Comporium and American Family Ventures.

Grab has so far raised $4.8bn series H round, after Invesco chipped in $300m in addition to the funding provided by corporate investors like SoftBank Vision Fund, Microsoft, Toyota, Ping An and others since June last year.

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

Just over a year after securing an initial $50m, fusion energy technology developer Commonwealth Fusion Systems has closed its Eni-backed series A round with $115m in capital.

Statkraft, NTT Docomo and Reply all took part in the machine learning-powered energy analytics platform operator's $11.3m funding round.

National Grid Partners, Evergy Ventures and Avista Development all contributed to a series A round for the solar power monitoring service.

Tomás Ocampo, previously corporate venturing adviser to Japanese energy companies J-Power and Osaka Gas on electric mobility and renewable energy deals in the US, has helped petroleum supplier YPF form its corporate venturing unit.

Carbon capture technology developer Inventys has closed a series C round featuring Chevron Technology Ventures, Husky Energy and Roda Group on $26m.