Energy

The wireless communications company for vehicles backed by a corporate venturing unit of Anglo-Dutch oil major Royal Dutch Shell, could raise as much as $19.2m in the round.

Smith Electric, backed by the Tanfield Group and SEV Group, had set a range, with a mid-point of $76m, before pulling its IPO on Friday.

Samsung's corporate venturing unit backs the company, joining Intel Capital and venture firms MissionPoint and Novus Energy Partners as investors.

Moving into financial services opens up a very large business, which the wisdom of crowds and big data analytics can be applied to make more and hopefully better investment decisions at a lower cost.

Global Corporate Venturing tracks more than 40 chief innovation officers at corporations and this article is the start of a series looking at how business strategy is shaping corporate venturing and innovation teams.

Corporate venturing fuels early-stage explosion.

Media in motion as change in the sector encourages a spate of dealmaking and corporate venturing unit launches on the back of a series of large flotations.

Innovation ecosystem comes alive ahead of major events.