Industrial

Nine of the 10 possible IPOs this year identified by news provider CNN has corporate venturing backing.

XAnge invested E1m in Sculpteo with business angels and its founders providing the remainder.

WM joined venture capital firms Kleiner Perkins Caufield Byers, Munich Venture Partners and Wellington Partners as an investor in Agnion.

A consortium of US-based angel investors are planning to develop an incubator for tech transfers from New Mexico University.

US-based VeraLight, backed by US-based industrial group Dow Chemical and US-based life science instruments business InLight Solutions, has raised $200k in debt, rights and securities.

Big capital raising at $2.25bn valuation, comes as the US-based camera company-backed by Steamboat Ventures, the corporate venturing unit of US-based media company Disney, had been touted for an initial public offering this year.

Christopher Moran, general manager of Applied Ventures, says: "We are excited about Aventa's progress in developing critical manufacturing technology for this emerging alternative energy sector. HTS technology has tremendous potential, and we are pleased that this investment will be used to make advanced grid solutions more affordable."

If the InSightec deal ends up being a stellar exit for GE a few years from now, it would surely make an interesting case study for how spin-offs can successfully value for their parent corporate, while minimising risk of the parent while it sees how the technological roll out pans out.