Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Reliance Industrial Investments and Holdings, a subsidiary of diversified conglomerate Reliance Industries, has paid an undisclosed amount for a 12.7% stake in US-based public transit technology developer SkyTran, the Economic Times reported on Wednesday. It has the option to invest $25m more in the form of convertible note financing, and the deal follows $2.5m of series A funding from Innovation Endeavors in 2015 and $6.5m from undisclosed investors in December 2017.
US-based food tracking technology developer SafeTraces completed a $10m…
