Industrial

The corporate's specialty product offshoot will house investment vehicle Solvay Ventures, Matt Jones and Coppelia Marincovic told Global Corporate Venturing.

Several corporate venture investors participated in a round which took the crypto IoT network developer's valuation to $1.2bn. The round and the company are part of the larger crypto tech space, which has been attracting much interest and capital in most recent times.

BMW and Ralph Lauren contributed to an $85m round for sustainable materials provider Natural Fiber Welding while Credit Saison invested $80m in virtual credit card service Julo.

Quamntum Ventures' debut fund is anchored by conglomerate Bakrie & Brothers and has so far built up a five-strong portfolio.

The Global University Venturing deal net rounds up the smaller investments from across the university innovation ecosystem.

Creo Capital and Legend Capital helped energy storage system developer MS Energy raise an eight-digit sum while Truora and Medfin each received $15m in corporate-backed rounds.

The latest round raised by Everli and backed by Pernod Ricard was boosted by just over $24m from United Ventures, taking the grocery delivery service's overall funding to over $143m.

Wipro and Intel backed customer experience platform developer Lilt's $55m series C while Pfizer is buying corporate-backed respiratory virus therapeutic developer ReViral for up to $525m.

Mitsui took part in oncology therapy developer Ensem Therapeutics' $67m series A round while Bioventus is paying up to $450m to buy the rest of portfolio company CartiHeal.

Crypto.com, Huobi and BitMart invested in cryptocurrency scaling technology developer Boba Network at a $1.5bn valuation while natural fibre composite provider Bcomp netted $34.9m in a BMW-led round.

Swiss Re was among the participants in a round which pushed the carbon capture system developer's overall financing past the $800m mark.