Energy

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.

Industrial e-commerce platform Zhenkunhang raised a $160m corporate-backed series D round, which forms part of the emerging e-commerce space

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

Battery technology manufacturer Saft has purchased the back-up energy system provider in a transaction that enabled Evergy Ventures to exit.

Sector analysis: Healthcare

GCV editor-in-chief James Mawson closed the second day of the symposium by moderating a discussion on the impact financial technology developers are having on incumbent banks.