Industrial

Tel Aviv University announces $20m commercialisation fund with Tata Industries.

As corporations become increasingly open to external innovation and many of their own executives become angel investors themselves, there is a great opportunity to help the nascent start-ups.

Pork integrator Arohan Foods has raised an undisclosed amount, reported to be about R4 crore in series A funding from venture capital firm Omnivore Partners.

Omni Water Solutions, a portfolio firm of the Austin Technology Incubator (ATI), raises a $4m venture round led by Austin Ventures.

Alongside Chevron Technology Ventures and ConocoPhillips in the B round was Sunshine Tech, an investment company on behalf of Omar Zawawi, chairman of the Oman-based Omar Zawawi Establishment (Omzest) Group.

The Brazilian market represents over 65% of the worldwide demand for unbonded flexible pipe used in offshore production.

Lanxess invested $10m at $28.49 per share as part of BioAmber's $30m series C round.

In January, Quantance said it had raised $1.65m - now extended to $12m.

Since its debut, the company has been financed by industrial groups Marcel Dassault and Erasteel, an advanced materials subsidiary of Eramet Group that makes lanthane-based alloys, an essential element of the magnetic refrigeration technology used by Cooltech.