Industrial

Phylagen traces corporates for $14m series A
The environmental microbiome testing kit maker has collected capital from investors including Western Digital Capital, 3M Ventures and Agfunder in its series A round.
Corporates board space accelerator
Lockheed Martin, SAIC and Maxar Technologies have all become sponsors of a new space-focused accelerator targeting industries including communications, energy and robotics.
Konux tracks Alibaba for $33m series B
Alibaba has participated in a $13m extension that adds to the $20m the AI-based rail infrastructure sensor provider collected last April.
Evonik catalyses $170m second fund
The chemicals producer now has a total of more than $280m under management for its corporate venturing activities, having launched its first fund six years ago.
Arm and Avery Dennison stay Pragmatic
The flexible electronics maker once known as Pragmatic Printing has retained the interest of Avery Dennison, Arm and CIC in a $16.7m round that took its total funding to $46.8m.
GE Ventures puts resources into Flux
General Electric’s corporate venturing unit is launching a content portal called Flux to help companies overcome barriers to diversity and inclusiveness.
Mahan moves up at Stanley Ventures
Michael Mahan, a GCV Rising Star in 2018 and former investment manager at Stanley Ventures, has been promoted to managing director of the unit.
Augury orders up $25m series C
Munich Re reinvested in the industrial IoT technology provider's series C round, which supported an acquisition of Bloomberg-backed Alluvium.

Other News

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.
Corporates help plant $30m in MycoTechnology
The organic food processing platform has closed its series C round following commitments from Continental Grain, Bunge Ventures, Eighteen94 Capital and Tyson Ventures.
Kinestral enjoys view from $100m series D
SK Holdings has led a series D round for Kinestral Technologies, which will use the capital to expand the manufacturing, sales and installations of its smart glass technology.
Aproplan and GenieBelt merge to build new company
The newly merged digital construction platform has raised an undisclosed amount of funding from existing investors including corporates Solar and Inventures.
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.

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.
Mid-sized Investment of the Year: Katerra
Currently valued at over $3bn, Katerra, which aims to revolutionise the construction sector with its technology, is said to be the most well-funded construction tech startup.
Desktop Metal forges $160m series E
Koch Disruptive Technologies led a $160m round for the 3D metal printer provider that also featured GV, Panasonic and Techtronic Industries.
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