Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Month: August 2019
Swiggy speeds toward $750m
The food delivery platform, which has expanded significantly this year, is reportedly close to pulling in $350m or more from Naspers as part of a round valuing it at $4bn.
Babylon falls for corporates in $550m series C
Munich Re and, reportedly, Centene, have committed series C capital to Babylon Health, the developer of an artificial intelligence chatbot that diagnoses health issues.
Wish pleases investors with $11bn valuation
General Atlantic has led a series H round reportedly sized at $300m that boosted the post-money valuation of Legend Capital-backed Wish up to $11.2bn.
Corporates gain Ground in new round
Sony and JA Mitsui helped provide $15.8m for the Daiwa House-backed logistics technology developer to enhance its AI and robotics-powered supply chain and e-commerce technology.
Axa’s Gao goes to Sapphire Ventures
Cathy Gao has called time on her tenure at corporate venturing unit Axa Venture Partners to take a vice-president position at Sapphire Ventures.
MassMutual assists Aspire in series A round
Massachusetts Mutual Life was among the participants in the $32.5m round, which will help the online business lending service expand its presence in Southeast Asia.
Recogni revs up with $25m series A
The autonomous driving system developer sourced commitments from corporates Toyota, BMW, Faurecia and Osram in a round led by GreatPoint Ventures.
Beeplus builds up series B round
The co-working space network increased the overall size of its series B round to approximately $14.5m, following two tranches – one of which was backed by Zhuhai Da Heng Qin.
Bitwala brings home series A funding
The blockchain banking platform developer secured $14.3m in a round co-led by Sony Financial Ventures and NKB Group, and will use the cash to expand its team.
Eurofarma unleashes corporate venture capital fund
The pharmaceutical firm will invest up to $11.7m through the fund, which is led by GCV Rising Star Paulo Braga.
Claltech turns Lightricks to $135m series C
Access Industries’ ClalTech subsidiary has backed a $135m round for Lightricks, pushing the photo and video editing app developer’s valuation to $1bn.
Rebel Foods strikes $125m series D deal
Rebel Foods has grown its valuation to $525m after raising $125m in a series D round that featured a previously disclosed commitment from Go-Jek.
Yuyue cues up $145m medical technology fund
The medical equipment provider has committed $14.5m to a medical technology-focused vehicle it will run in partnership with Sharewin Investment.