Firms

Corporates move into $108m RET fund
Real Estate Technology Ventures has achieved a final close of $108m for a first fund backed by Aimco, Boardwalk, Essex, MidAmerica and UDR, and made a follow-on investment in SmartRent.
Legrand nets portfolio company Netatmo
Legrand has acquired its portfolio company Netatmo for an undisclosed amount, three years after the corporate led the smart home device maker's $32m series B round.
Applied Ventures to invest in New York trip
Applied Materials' corporate venturing unit is partnering Empire State Development to fund startups in upstate New York while investing in an R&D hub at SUNY Polytechnic Institute.
ComfortDelGro composes terms for $100m fund
The transportation services provider is eyeing mobility startups with $100m corporate venturing fund ComfortDelGro Capital Partners.
Schneider Electric recharges corporate VC vehicle
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
Suennen to supervise Manatt's venture capital activities
Lisa Suennen has joined law firm Manatt Phelps & Phillips two months after leaving GE Ventures, and will head its corporate venturing fund.
Talkdesk sets aside $10m for Innovation Fund
Call centre software provider Talkdesk has formed a $10m investment fund partially based on one of its investors, Salesforce Ventures.
Toyoda Gosei assembles corporate venturing fund
The automotive parts producer intends to invest $26.3m in robotics, semiconductor, advanced materials and car components technology in the next two years.

News Continued

Vision Fund vies for $4bn in debt
SoftBank's $97.7bn Vision Fund, which was recently reported to be seeking $9bn in debt financing, has hired Goldman Sachs and Mizuho to oversee a $4bn second facility.
Symantec gains Appthority in acquisition deal
Symantec Ventures has exited mobile cybersecurity platform developer Appthority in an acquisition of undisclosed size by its parent company.
Rael rolls into series A round
SoftBank Ventures Korea, which previously led a $2.1m seed round for Rael six months ago, has returned to contribute to a $17.5m series A alongside GS Retail Fund.
National Grid charges up $250m investment arm
Energy technology and software-focused National Grid Partners is headed by Lisa Lambert and has two other Intel Capital alumni in its team.
Lloyds turns on Thought Machine in series A round
Lloyds took a 10% stake as it led a $23.5m series A round for Thought Machine, gaining access to the fintech developer’s cloud-based banking platform.
Ayar Labs lights up $24m series A
GlobalFoundries and Intel both took part in a $24m series A round for Ayar, which will use the money to commercialise its light-based data transmission technology.

Editor's Picks

Schneider Electric recharges corporate VC vehicle
The corporate has resurrected the Schneider Electric Ventures unit it folded into Aster in 2010 and will invest up to $565m through the vehicle.
National Grid charges up $250m investment arm
Energy technology and software-focused National Grid Partners is headed by Lisa Lambert and has two other Intel Capital alumni in its team.
Huashenghaoche drives series D to $210m
Minsheng Financial Leasing-backed online car marketplace Huashenghaoche has received $210m from investors including JD.com spinoff JD Finance and Goldman Sachs.
Innovent enters public markets with $421m IPO
Legend Holdings, Eli Lilly, Ping An, China Life and Taikang-backed Innovent Biologics priced its shares near the top of the range of to raise $421m.
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