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Corporates help switch on $29m industry fund
Shanghai Electric will invest $9.9m in the fund, which is targeting AI and smart manufacturing industries, while a Golden Concord subsidiary is putting up $10.2m.
Finalcad constructs $40m series C
Salesforce Ventures joined Aster Capital in a round that increased the construction communication platform's funding to $63m altogether.
Ninjacart produces series B funding
Qualcomm Ventures, Syngenta Ventures and NeoPlux all contributed to a $34.7m round that took the farm-to-restaurant food sourcing platform's equity funding to more than $48m.
Axelspace explores series B round
Mitsui and Dai-ichi Life have backed a $22.9m investment round led by 31Ventures Global Innovation Fund that will fund the launch of Axelspace's latest satellite.
Telexistence reaches out to corporates in series A
KDDI, Airbus, Global Logistic Properties, JTB and Maeda Industry all chipped in as the experiential robotics startup raised an undisclosed amount.
Corporate venturing deal net: 3-7 December 2018
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Icos cultivates another corporate for $57m fund
Royal Cosun has joined fellow corporates Bühler, AkzoNobel and Wuppermann as LPs in the cleantech and sustainability-focused fund.
Spiber spins $44m into its web
Synthetic silk developer Spiber, backed by Godwin and Dai-ichi Life, has now raised a total of more than $260m.
Ultrahaptics savours $44.8m sensation
Cornes has pumped more cash into Bristol's haptics technology spinout Ultrahaptics to take its total to $84.3m.
Analysis: Autodesk lays out $875m PlanGrid acquisition
Collaboration platform for the construction industry PlanGrid was acquired by software developer Autodesk for $875m.

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