Energy

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

SoftBank Vision Fund invested $1.46bn to take Grab's series H round, already backed by Toyota, Hyundai, Kia, Booking Holdings, Central Group, Yamaha, Ping An, Microsoft, Tokyo Century and KBank, to $4.5bn.

The renewable energy project developer raised the cash in a round led by Eversource Capital, which is 50% owned by power producer Lightsource BP.

The fund has been formed as part of a wider technology and research investment drive that will involve up to $8.3bn being spent in the next five years.

Statkraft Ventures is set to exit distributed energy software provider Limejump in an acquisition by Shell that will follow some $10m of funding for the company.

Last-mile consumer goods delivery service provider DoorDash raised $400m, from SoftBank´s Vision Fund at a valuation of $7.1bn

Irrigation management software provider Hortau, which counts Telesystem as shareholder, has raised $20m in its latest funding round.

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

BASF Venture Capital has joined Alchemist Accelerator as a limited partner to develop digital technologies in the chemical industry.

Innovative region: Germany

The fourth annual Global Corporate Venturing & Innovation (GCVI) Summit in Monterey, California on Wednesday and Thursday, January 30-31 by reporters Kaloyan Andonov, Edison Fu and Thierry Heles