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Uber explores 10-figure Deliveroo acquisition

NGP Capital-backed food delivery service Deliveroo was valued at $2bn as of November but a successful bid would need to be a sizeable upgrade.

The home design products marketplace has secured $15.4m in a round led by Advance Venture Partners, which will also get a board seat.

Mitsui Sumitomo Insurance and Digital Garage contributed to a round that took the mobility vehicle developer’s total funding to $80m.

GV has returned to back a $100m series D round for software services provider GitLab, which has achieved a valuation of more than $1bn.

Base10 Partners, the venture firm formed by Workday Ventures alumnus Adeyemi Ajao last year, has secured capital for its inaugural fund.

Salesforce Ventures is set to exit CRM services provider Fluido three years after backing a $3.5m round, in an acquisition by Infosys.

The electric bus producer added new strategic partner Daimler to its stable of corporate investors as it boosted its overall financing to $565m.

The Square-backed event ticketing technology provider will float at the top of its range having previously raised almost $360m in equity funding.

Abhishek Shukla has become the third managing director to leave GE Ventures in recent weeks, taking an MD role at HPE Ventures.

Dave Rosenberg has left a managing director position at GE Ventures to head Merck Group unit M Ventures’ New Business Fund.

Hustle Fund has raised $11.5m for its pre-seed fund, taking capital from Shanda, Line and Naver.

Breed Reply has launched an eighth call for internet-of-things startups to take part in its Best in Breed scheme.

SoftBank Ventures Korea joined existing investor Mandiri Capital for a $24m series B round for point-of-sale software producer Moka.

Porsche, Hyundai, JVCKenwood and Alibaba have backed a series C round that valued augmented reality technology developer WayRay at $500m.