Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Japan-based, corporate-backed satellite antenna developer Institute for Q-shu Pioneers of Space (iQPS) secured ¥865m ($8.3m) yesterday in a round that included unnamed existing investors and debt financing from Japan Finance Corporation, taking its total funding to approximately $31.7m. It had raised $20.7m in series A funding in 2017 from Mitsui Sumitomo Insurance Venture Capital, Dogan Beta, FFG Venture Business Partners, Mitsubishi UFJ Capital, Oita Venture Capital and SMBC Venture Capital – on behalf of insurance group Mitsui Sumitomo, consulting firm Dogan, financial services firms Fukuoka Financial Group, Mitsubishi UFJ, Oita Bank and Sumitomo Mitsui Banking Corporation – as well as Real Tech Fund, Mirai Creation Fund II and Innovation Network Corporation of Japan.
Quinn Company, a US-based producer of sustainable snack foods, has received an undisclosed amount of series D funding from confectionary provider The Hershey Company and unnamed existing investors. Regulatory filings indicate Quinn had raised $950,000 in 2012,…
