Energy

HomeToGo has acquired the troubled Recruit-backed holiday home rental platform Tripping for an undisclosed amount of money. The company is part of the larger travel and accommodation space, which has seen growth of corporate-backed deals in recent years.  

The indoor farming specialist intends to expand rapidly in 2019 after raising $90m in a round led by existing investor GV.

China-based wealth management and lending platform has raised a large round backed by six corporate venturer and a sovereign investment fund.

The cannabis production manager has invested $6m as part of a total fundraising of $35m for cannabis grower OG DNA Genetics.

EV charging technology provider FreeWire Technologies has closed a series A round backed by BP Ventures, Volvo Cars Tech Fund and Stanley Ventures.

Energy utility Fortum is putting $170m into venture firm Valo Ventures, which was founded by CapitalG alumnus Scott Tierney.

Kieran Gartlan has departed from a Latin America-based senior director position at CME Group for a managing director role at The Yield Lab.

Collaboration platform for the construction industry PlanGrid was acquired by software developer Autodesk for $875m.

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

American Electric Power, Chevron, Daimler, BMW and Siemens are among of consortium of backers that also included Singapore’s sovereign wealth fund GIC.