Industrial

The OLED technology and materials producer has reached the first close of a Samsung and LG Display-backed round that boosted its overall funding to $80m.

Dell Technologies Capital, BMW i Ventures and GE Ventures returned to back on-demand manufacturing platform Xometry, increasing its overall funding haul to $113m.

Motorola and JVC Kenwood-backed rugged electronics producer has floated below its range in a $39.6m offering, having previously raised some $117m in financing.

Nabard’s food, agriculture and rural development-focused investment vehicle, Nabventures, has reached its first close and has a ceiling of nearly $100m.

Mobile payment platform PayPay raised $419m in funding from SoftBank. This is a deal from a space that has seen much growth in terms of the corporate-backed deal flow in recent years.

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

University of Wyoming has spun out Wyomics to commercialise an ionic liquid product for extracting valuable materials including rare earth elements from coal and fly ash resources.

Brookfield Ventures led the leasing and asset management platform's series D round, investing alongside Tishman Speyer and GLP.

Bertelsmann Asia Investments co-led a $22.1m round that will enable the industrial software provider to expand its engineering and sales teams.

Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.

Frederic Hanika, formerly head of M&A and corporate ventures at Software AG, will lead industrial IoT technology developer Wind River's corporate development team.