Energy

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

Canadia’s Strategic Innovation Fund has invested $37.6m in the fusion power technology developer, which had previously raised more than $83m from investors including Cenovus.

Solar energy installation services platform Otovo has secured $11.4m in a round co-led by KLP that included Agder Energi Venture, Akershus Energi and Obos.

Carmaker Hyundai has teamed up with Yield Capital to set up a hydrogen-related investment fund and has targeted a $100m close.

The bank has selected 75F, Ladybug Tools, Yotta, UbiQD and Next Energy Technologies for IN², the cleantech incubator it formed with the US Department of Energy.

Amazon, Eon and Čez Group have backed a $50m funding round for smart thermostat manufacturer Tado that nearly doubled its equity to $102m.

Brazil-based fintech companies have been on the news in recent times, showing the potential of the South American country’s ecosystem.

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

Household energy monitor developer Sense has expanded its overall funding to almost $39m in a round backed by Schneider Electric and existing investors Shell and iRobot.

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

The recycling-focused Closed Loop Fund has secured funding from Amazon, following earlier commitments by a host of other corporates.