Industrial

ABB's restructuring drive has created a new role for Malin Carlstrom as head of ventures, ABB Electrification

Propel Dayton is a three-phase accelerator targeting pre-spinout concepts leveraging University of Dayton's intellectual property.

Kraft Heinz's corporate venturing subsidiary joined counterparts at existing investors Koch and Prologis to bring the logistics automation technology producer’s total funding to $118m.

Comcast Ventures and Amdocs returned for the connected lighting system developer's series C round having backed a $12m round in April.

Tencent returned for the industrial supplies and services marketplace's latest round having led its $160m series D last year.

MIT has put $35m into The Engine's second fund – up from its $25m commitment to the first fund – and has been joined by Harvard as a new LP.

The bioremediation technology startup is the first company to be launched through MIT spinout Ginkgo Bioworks' $350m Ferment Consortium.

University of Buffalo's Innovation Hub has joined forces with a state government initiative to invest $10m in early-stage technologies.

Skye Henderson has taken an investment manager role at Cowles' corporate venturing arm, which has so far put $85m into local companies.

The bioremediation technology startup is the first company to be launched through Ginkgo Bioworks' $350m Ferment Consortium.

Alibaba´s financial subsidiary Ant has received approval from regulators which will allow a dual listing on the Shanghai and Hong Kong stock exchanges and enable it to raise up to $35bn at a reported valuation of $250bn.