Industrial

The Google-backed spacecraft provider celebrated its latest launch with $1.9bn from unnamed investors at a reported $46bn valuation.

The consumer electronics producer will provide 40% of the capital for a fund partnership with the city of Yancheng sized at up to $1.45bn.

Mitsubishi UFJ Lease & Finance and Fuyo General Lease are among the limited partners for the unit's third fund, following its opening of an office in Japan.

Amid the covid-19 pandemic, interest in life sciences is now perhaps at its highest. This is true in corporate venture capital and three of the multimillion-dollar stories we reported in mid-August corroborate this.

The composite manufcturing technology provider, which counts Asahi Glass and Sumitomo as investors, has now raised $60m altogether.

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

Sustainable fabric technology developer Natural Fiber Welding secured $13m in a round led by strategic partner Ralph Lauren.

Leaps by Bayer and Temasek have partnered to form a seed development startup that is focusing on the vertical farming market.

SAIC Capital has scored an exit less than two years after it invested in the now publicly-listed intelligent manufacturing technology provider.

Echo Capital has invested $14.4m in the Foxconn-backed industrial component marketplace to make up the provision for its latest round.

China Academy of Sciences-backed Yungongchang sells industrial equipment to clients including Alibaba and Airbnb.