Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
National Grid’s corporate venturing arm has committed $90m of its $250m initial budget, having backed a total of 12 portfolio companies and three venture capital funds.
The cybersecurity risk-scoring platform developer has increased its total funding to $110m with the series D round, which featured Intel Capital and Axa Ventures.
General Electric had considered spinning out its corporate venturing operation, but has now shifted its focus to finding a buyer for a portfolio consisting of stakes in more than 100 companies.
Capgemini’s corporate venturing unit has partnered venture firm ISAI to set up a $102m fund dubbed ISAI Cap Venture to target early-stage B2B software startups.
SoftBank, Lam Research, Lockheed Martin and Micron all featured in Mythic's $30m series B1 round, which brought the AI microchip maker's total series B intake to $70m.
The venture capital firm’s inaugural early-stage fund, Crane I, has reached its $90m hard cap with contributions from LPs including MassMutual Ventures, with which it has established a strategic alliance.
Sanford Health has provided $23m in funding to increase the regenerative cell therapy provider's series D round to $43m, having initially supplied the first $20m in 2017.