Energy

The Statkraft-backed energy management software producer has secured $13.1m series B funding from financial services firm BNP Paribas and Set Ventures.

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

Geothermal heating and cooling system provider Dandelion Energy received $16m in a Comcast Ventures-led round that included GV and Lennar.

The conglomerate has paid approximately $256m for a 20% stake in smart energy distributor and technology provider Ovo Energy.

The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.

We examine some co-investment patterns among corporate venturers we have been tracking since 2011.

Corporate venturing vehicles Danone Manifesto Ventures and ADM Ventures both took part in a series A round for the Nasa spinoff, which is developing edible proteins.

Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.

Recruitment business Andela raised $100m series D round featuring Alphabet

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