Industrial

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

Sumitomo Dainippon Pharma, Dai-ichi Life ans SBI all invested in a $17.7m round for robotics devloper Meltin MMI, after a $2.1m series A last year.

The Csiro Innovation Fund has invested $890,000 in RapidAim, co-founded by three Csiro researchers, to support a trial of a fruit fly monitoring system.

NeuCloud has landed $14.4m for its industrial IoT services business, having previously raised funding in Eisoo-backed rounds in 2015 and 2016.

Fosun RZ Capital supplied $5m for trucking services provider LetsTransport, which reportedly already counts GMO, Flex, CBC Group and Mitsui Sumitomo Insurance as backers.

Michigan materials spinout Ecovia Renewables has secured capital from the university's Mints fund to take its total to $1.6m.

Based on research at MIT, Accion Systems has received corporate backing from Boeing to develop more nimble and efficient propulsion for spacecraft.

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 Virginia Seed Fund returned to back industrial cybersecurity spinout Mission Secure in a round co-led by Chevron Technology Ventures and Energy Innovation Capital.

Canada’s Strategic Innovation Fund will provide $19.2m for accelerator Creative Destruction Lab over four years with the aim of supporting more than 1,300 science-focused companies.