Industrial

The $10m investment fund formed by the electronic components manufacturer and its Taiyo America subsidiary will target developers of technologies and products related to its core business.

John Wei, a GCV Emerging Leaders award winner this year, is departing from Sabic Ventures after six years.

Eli Lilly is to exit the genetic sequencing system provider Readcoor in a cash-and-share acquisition by 10x Genomics. This is one of the relatively few exits we have seen in this space over the past decade.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Applied Ventures contributed to a $50m round that pushed the total raised by the silicon photonics technology producer to $225m.

University of Wyoming-backed Momentus is set to merge with SPAC Stable Road Acquisition in a deal that values the space infrastructure company at $1.2bn.

The $28.5m vehicle will mainly invest in Japan and US-based middle to later-stage developers of technologies pertinent to the construction firm’s focus areas.

Marui Group and Value Create are among the LPs for the venture firm’s Food Future Fund, which is sponsored by restaurant operator En-Rest and is targeting $28.4m.

Existing investors including Intel Capital contributed to the $93.9m first close of the micro-LED technology developer's series D round.

University of Florida's $1m seed fund backed four university spinouts in its inaugural year in sectors including industrial and healthcare.