Industrial

Prefabricated housing developer Connect Homes now has corporate backing in the form of Wells Fargo Strategic Capital, which invested in its $10.8m series A.

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

Power grid management technology developer Synaptec spun out of University of Strathclyde in 2014 and has now won support from the corporate-backed Foresight Williams Technology EIS Fund.

Lockheed Martin was among the participants in the automation technology provider's latest round, which was led by Point72 Ventures.

Building works analytics software developer Reconstruct spun out of University of Illinois at Urbana-Champaign in 2016 and has now raised $10.1m of capital altogether.

Kaust-founded crop growing technology developer Red Sea Farms secured the capital from Kaust's Innovation Fund and the latter's strategic co-investment partner Research Products Development Company.

Cargill Protein, Strauss Group and M-Industry all contributed to a series A round for cell-based meat developer Aleph, based on research at Technion– Israel Institute of Technology.

Cargill Protein, Strauss Group and M-Industry all contributed to a series A round for cell-based meat developer Aleph that will support product development.

The OLED technology and materials producer has reached the first close of a Samsung and LG Display-backed round that boosted its overall funding to $80m.

Dell Technologies Capital, BMW i Ventures and GE Ventures returned to back on-demand manufacturing platform Xometry, increasing its overall funding haul to $113m.

Motorola and JVC Kenwood-backed rugged electronics producer has floated below its range in a $39.6m offering, having previously raised some $117m in financing.