Industrial

The GM Ventures, Edison Energy and Exelon-backed round will support an expansion in production of Proterra's electric buses, as it shows EVs are still a viable target for venture funding.

GE Ventures came back for the industrial robot producer's latest round, having led its series D round in early 2015.

Qualcomm and Foxconn are set to join Apple, which has confirmed it will invest $1bn in the SoftBank fund, which is expected to formally in the upcoming weeks.

Schlumberger helped Sarcos Robotics increase a series A round already including Caterpillar, General Electric and Microsoft from $10.5m to $15.6m.

Investments in driverless cars and virtual reality pointed the way to the future while machine learning folded into AI and the insurtech sector came of age.

Most interest internationally has been sparked by HNA's indirect corporate venturing strategy.

2016 saw some big changes at the top of some of the biggest CVC units; some corporates raised huge funds and others got into the game, though the IPO market slowed to a crawl.

BP has exited ventilation system producer Breathing Buildings in an acquisition by ventilation product maker Volution Group.