Industrial

Motus, which backs spinouts from a range of universities and research institutes, has secured cash from unnamed investors for its Smart World Innovation Fund.

University of Hawaii System’s UH Ventures will participate in a fund of undisclosed size in support of an aquaculture-focused accelerator that will welcome its inaugural cohort this autumn.

Cirtemo, which incorporated University of South Carolina-born MagAssemble, has been acquired by Thorlabs for an unspecified amount.

AgFunder plans to establish an accelerator in Southeast Asia in addition to two corporate venturing funds to invest in the participants.

The autonomous vehicle spin-off has been backed by three corporates Toyota, SoftBank and Denso that have agreed to invest $1bn

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

3D printing technology producer Carbon, which counts more than half a dozen corporates as investors, has filed to raise $300m in equity financing.

The manufacturing analytics platform developer received $29.4m in the LS Corp-led round, which included fellow corporate investors OATV and Eon.

Four businesses have collected $37,000 in equity funding each from a micro-VC fund established by University of Waterloo’s Velocity unit in support of the Velocity Fund Finals competition.

Telecoms fim SoftBank led a $300m series D round for insurance provider Lemonade, which also featured previous investors Allianz and GV.

Building on UMCP research, PaverGuide supplies a base material for laying paved surfaces made from recycled plastic rather than stone.