Energy And Natural Resources

Corporate venturing deal net: 18-22 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Utilities send funding Zenobe's way
Tepco Power Grid and Jera, both of which represent Tokyo Electric Power, have provided $32.3m in funding for the battery storage provider.
Ergosup puts foot on the gas
The electricity-to-hydrogen technology developer has secured $12.4m in a round featuring Air Liquide subsidiary Aliad to fund production of its storage units.
Mitsui finds the right Tonik to invest
Mitsui led a $16.8m round for the green energy and clean energy product supplier, investing together with undisclosed existing backers.
Rabobank deposits another $90m in CVC fund
Rabo Frontier Ventures now has $170m under management to invest in fintech and agtech developers, and will expand its focus internationally.
Shell to store Sonnen in acquisition deal
Sonnen is set to be acquired by existing investor Shell for an undisclosed sum, while General Electric, Envision Energy and Inven Capital will also exit.
Depsys deepens cash reserves in series B round
The Statkraft-backed energy management software producer has secured $13.1m series B funding from financial services firm BNP Paribas and Set Ventures.

Other News

Dandelion warms up $16m series A
Geothermal heating and cooling system provider Dandelion Energy received $16m in a Comcast Ventures-led round that included GV and Lennar.
Mistubishi energises Ovo with seven-figure investment
The conglomerate has paid approximately $256m for a 20% stake in smart energy distributor and technology provider Ovo Energy.
Armilar accepts Semapa and KNP for fifth fund
The corporate venturing units of Semapa and KPN have contributed to Armilar's TechTransfer Fund, which has raised almost $51m on its way to a target of about $68m.
Sustainable Bioproducts sucks in $33m
Corporate venturing vehicles Danone Manifesto Ventures and ADM Ventures both took part in a series A round for the Nasa spinoff, which is developing edible proteins.
Partech packs $143m into African fund
Partech Africa has achieved a final close of $143m with limited partners including Orange, Edenred, JCDecaux, Bertelsmann, L’Oréal, Axian Group and Texaf.
Corporate venturing deal net: 28 January-1 February 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Editor's Picks

Sub-$50m Investment of the Year: Maana
Maana recently won GCV’s inaugural award for energy-tech corporate venture capital (CVC) investment of the year, presented during its Venture Houston conference in November. Now, Maana has gone one-stage further and won the Sub-$50m Investment of the Year award across all industries.
New Entrant of the Year: Severstal Ventures
In May last year, Severstal announced the launch of Severstal Ventures – a corporate venture fund that would invest directly as well as through other funds in advanced materials and associated technologies, in Russia and abroad.
Fund in the News: National Grid Partners
NGP's Lisa Lambert has spoken to Global Corporate Venturing about the unit's investment parameters, the need for disruptive investments in the energy sector and the priorities when hiring for a new corporate venturing fund.
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