Industrial

Mobile payment platform PayPay raised $419m in funding from SoftBank. This is a deal from a space that has seen much growth in terms of the corporate-backed deal flow in recent years.

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

University of Wyoming has spun out Wyomics to commercialise an ionic liquid product for extracting valuable materials including rare earth elements from coal and fly ash resources.

Brookfield Ventures led the leasing and asset management platform's series D round, investing alongside Tishman Speyer and GLP.

Bertelsmann Asia Investments co-led a $22.1m round that will enable the industrial software provider to expand its engineering and sales teams.

Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.

Frederic Hanika, formerly head of M&A and corporate ventures at Software AG, will lead industrial IoT technology developer Wind River's corporate development team.

Inspection robot manufacturer Invert Robotics was founded out of University of Canterbury in 2011 and has now secured corporate Yamaha Motor as an investor in its latest round.

Meat substitute developer Beyond Meat, which has received backing from two corporate venturers, went public.

Alchemist Accelerator has picked out 20 startup companies for its 21st cohort, as it raised $4m of capital from BASF Venture Capital and Qatar Development Bank.

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