Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Internet and technology conglomerate Alphabet has provided $10m in series A funding for US-based mobile commerce software provider Universe through early-stage investment unit GV, TechCrunch reported on Tuesday. GV general partner MG Siegler will join Universe’s board of directors in connection with the deal, which followed $3.2m from Box Group, General Catalyst, Greylock Partners and Eniac Ventures in 2017 and $4m from General Catalyst, Box Group, Eniac Ventures, Y Combinator, Javelin Venture Partners and various angel investors in June 2018.
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