Energy

The first of three articles in BMG's Corporate Venturing "How to" Series - part I by Patty Burke (pictured).

The era of the star dealmaker necessarily running a venture capital firm as an amateur manager is increasingly over and into this era of greater professionalism has come US-listed bank Citigroup.

The Clal and Investec-backed solar energy efficiency company is gaining a further round of series C funding worth $5m.

The Saudi Arabian diversified manufacturing and chemicals company has launched a Europe-based corporate venturing arm, to be known as SABIC Ventures.

GE Energy Financial Services has teamed up with investment firm KGAL to finance a concentrated solar power plant built by construction and technology firm ACS.

The effect of corporate VC investments on productivity turns out to be "negligible", according to the report, Venture capital: Policy lessons from the Vico project - a European Union-funded research of 8,370 European high-tech entrepreneurial firms.

Polaris Industries has helped electric motorcycle manufacturer Brammo to close its series B round at $28m.

Proterra, manufactuer of a new kind of electric bus, has raised $15m from the Silicon Valley Bank, to add to the $30m it received in June from backers including Mitsui and GM.

With the aid of venture capital funding from outside, Cambridge Consultants has spun its holographic radar technology off as new company Aveillant.

Nest Labs, which launched its lead home energy management product on Monday, has attracted funding from Google Ventures and several venture capital (VC) firms.

The biomass firm has closed the first part of its series D round, having received investment from backers including British Petroleum and Unilever.