Industrial

UPS has reinvested in additive manufacturing service provider Fast Radius, which will use the cash for hiring and product development.

Hearst Ventures has come on board at 3D printing services platform 3D Hubs as part of a series C round that took its funding to almost $30m to date.

The SoftBank´s Vision Fund participated in a $300m round of robotics tech provider CloudMinds. This is a deal in the wider robotics and drones space, which has seen much growth in recent years

An industrial biotech initiative co-led by University of Strathclyde has received UK government funding to prepare an application to the UKRI’s competitive Strength in Places program.

The firm posted its half-year results for the period ending December 2018, registering an 83% year-on-year rise in turnover and a 43% gain in the fair value of its portfolio.

Severstal has launched an accelerator to develop metallurgical technology startups as part of a $25m open innovation investment drive.

Bouygues Construction and Suez Group have both contributed to an $11.3m round that will fund the construction waste removal service's European expansion.

University of Delaware-backed science incubator Delaware Innovation Space has started a VC vehicle called First Fund offering startups up to $75,000 in convertible notes.

The two rivalling US-based ride hailing platforms Uber and Lyft, both counting many corporates among their backers, are preparing to float on public markets in the coming weeks, with the valuations of the two combined likely to stand well above $100bn

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

The industry-focused VC vehicle is targeting $10m to make seed investments in companies including spinouts across technologies including robotics, internet-of-things and electronics.