Industrial

Lactips, a milk-based bioplastics spinout of Jean Monnet University formed by Pulsalys, has raised $14.5m in a funding round led by Bpifrance.

The milk-based bioplastics developer received the funding from investors including Mitsubishi Chemical Holdings' Diamond Edge Ventures subsidiary.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.

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

Cavallo Ventures contributed to a series B round for the microbial animal feed producer that will fund product development and recruitment.

Aucfan Incubate was among the investors in an $11.2m round that will fund construction of the insect feedstock provider's second production plant.

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

The Alphabet-backed spacecraft provider has shot past its $250m target to raise $346m in a round expected to value it at $36bn.

Huaxi Group vehicle V-Capital contributed to an eight-figure round for SF Express-backed logistics robot technology developer Galaxis Technology.

The Xiaomi, Intel and Samsung-backed semiconductor and silicon production services provider is valued at more than $420m and is set to float in Shanghai.

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