Industrial

Prologis Ventures and Nationwide Ventures both contributed to an $11.3m round for industrial safety device provider Kinetic.

Q&A with Josh Berg, director, Magna Innovation Ventures

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

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

Existing investor Robert Bosch Venture Capital and Liando U Valley were among the latest investors in robotics and internet-of-things technology provider MegaRobo.

Novo Growth led a $25.7m round for The Protein Brewery, which is seeking regulatory clearance for its fermentation-based vegetarian protein ingredients.

The modular construction company has received $10.5m from Gerdau, which had helped with its business development in an acceleration scheme last year.

Campbell Soup-backed Acre Venture Partners has made a strategic investment in fungi-based protein supplier Meati to bring its funding total to more than $32m.

The fresh fruit provider has selected Barbara Guerpillon to head corporate venturing unit Dole Ventures after five years leading Unilever's Foundry Asia business.

The 3D-printed product supplier raised an eight-digit dollar amount in a round led by China Life Private Equity Investment Company.