Energy

Alchemist Accelerator has picked out 20 startup companies for its 21st cohort, as it raised $4m of capital from BASF Venture Capital and Qatar Development Bank.

AgFunder plans to establish an accelerator in Southeast Asia in addition to two corporate venturing funds to invest in the participants.

The autonomous vehicle spin-off has been backed by three corporates Toyota, SoftBank and Denso that have agreed to invest $1bn

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

BASF Ventures is among the LPs for the second fund to be formed by the agriculture-focused venture capital firm, whose first fund was anchored by Godrej Agrovet.

Corteva Agriscience, ADM, Elanco, Ecolab, Griffith Foods, RD Offutt, Growmark, Koch Ag & Energy, Smithfield Foods and Sumitomo Chemical America all backed the VC firm's latest fund.

Just over a year after collecting $224m in funding, the biofuel producer has closed a $56.7m round featuring Suncor Energy and Waste Management of Canada.

Telecoms fim SoftBank led a $300m series D round for insurance provider Lemonade, which also featured previous investors Allianz and GV.

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

SK Group has put $250m into electronics materials supplier Shenzhen Londian Electrics and will collaborate with the company through a joint venture.

The wind turbine maker has bought just over 25% of Sowitec, in the process securing a three-year option to wholly acquire the solar and wind project developer.