Industrial

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

Industrial data repository Element has now received $40m in total, Evonik, Schneider Electric Ventures, Honeywell and ABB having backed its latest round.

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

Corporate venturing unit Lenovo Capital led a round that boosted smart forklift developer VisionNav’s funding total to more than $18m.

Smart forklift developer VisionNav has now collected more than $18m altogether to advance work from Chinese University of Hong Kong and University of Tokyo.

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

Seed investor Toyota AI Ventures returned to help the intelligent forklift developer close a series A round led by Innovation Endeavors.

A Xiaomi industrial fund was among the investors in series B and B-plus rounds for the smart manufacturing technology provider that totalled an eight-digit dollar amount.

The agricultural product and services provider added $100m to a FedEx-backed round that reportedly values it at $3.5bn.

The merchant group’s LDC Innovations fund will back food and agtech startups, with Max Clegg, its former head of food innovation, heading up the unit.

One vaccine developer, CureVac, has received a generous backing from Germany’s government-owned development bank KfW, while another – Vaxcyte – went public raising $250m.