Industrial

University of Liverpool, Liverpool John Moores and Liverpool City Council will launch the Sciontec Liverpool fund to drive works for the city’s $2.6bn Knowledge Quarter Liverpool project.

The environmental microbiome testing kit maker has collected capital from investors including Western Digital Capital, 3M Ventures and Agfunder in its series A round.

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

Lockheed Martin, SAIC and Maxar Technologies have all become sponsors of a new space-focused accelerator targeting industries including communications, energy and robotics.

Alibaba has participated in a $13m extension that adds to the $20m the AI-based rail infrastructure sensor provider collected last April.

The chemicals producer now has a total of more than $280m under management for its corporate venturing activities, having launched its first fund six years ago.

Kaust is preparing for the third phase of its Taqadam startup accelerator, which is supported by a host of Saudi Arabian academic institutions and claims to have achieved a 35% female participation rate.

The flexible electronics maker once known as Pragmatic Printing has retained the interest of CIC, Avery Dennison and Arm to take its total funding to nearly $47m.

The flexible electronics maker once known as Pragmatic Printing has retained the interest of Avery Dennison, Arm and CIC in a $16.7m round that took its total funding to $46.8m.

We examine some co-investment patterns among corporate venturers we have been tracking since 2011.