Illustrating the rise and rise of Asian corporate venturing, the four largest deals were all in the region. Japanese conglomerate SoftBank Corporation’s backing of Korea-based mobile commerce company Coupang topped the results, with rounds for local restaurant listings business Dianping, China-based taxi service Didi Dache-Kuaidi Dache and Indiabased e-commerce business Flipkart seizing the top rankings.
Sweden-based music streaming business Spotify, previously backed by music corporations and drinks conglomerate Coca-Cola, raising $526m, rounded off a rare quarter in corporate venturing where none of the five top deals were US-based.
