Industrial

IQM Quantum Computers, a Finland-based quantum computing spinout of Aalto University and VTT Technical Research Centre, attracted a €39m ($46m) series A round from investors, including internet group Tencent.

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

The unmanned aerial vehicle developer is set to launch a $9.5m vehicle next month that will invest in startups working on areas related to its main business.

Bentley iTwin Ventures is managed by Touchdown Ventures and will make strategic investments of up to $5m on behalf of its infrastructure software provider parent.

Prologis Ventures and Nationwide Ventures both contributed to an $11.3m round for industrial safety device provider Kinetic.

Q&A with Josh Berg, director, Magna Innovation Ventures

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

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

Existing investor Robert Bosch Venture Capital and Liando U Valley were among the latest investors in robotics and internet-of-things technology provider MegaRobo.

Novo Growth led a $25.7m round for The Protein Brewery, which is seeking regulatory clearance for its fermentation-based vegetarian protein ingredients.