Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

South Korea-based international remittance services provider WireBarley has raised $10m in a series B round backed by retail technology developer Shinsegae I&C as well as Magna Investment and Dt & Investment. The money will serve to strengthen WireBarley’s offering and drive regional expansion efforts, beginning with Hong Kong next month. The company does not appear to have disclosed earlier funding. Classplus, an India-based education management app developer backed by digital media company Strive and online publisher Times Internet, has collected $10m in funding led by Alpha Wave Incubation, with participation from RTP Global and Blume Ventures, according to the Economic Times. The deal comes a year and a half after Gree’s venture fund Strive led a $9m series A round that also included Blume Ventures, Sequoia Capital India’s Surge and Spiral Ventures also contributed. It had already obtained $1.6m in a pre-series A round co-led by Gree Ventures and Times Internet in May 2019. The round featured Spiral Ventures and Rising Stars Fund. NeuroTherapia, a US-based developer of treatments for neurodegenerative diseases, has completed a $8.8m series A round led by Brain Trust Accelerator Fund II, with participation from hospital operator Cleveland Clinic Foundation, Dolby Family Ventures and Alzheimer’s Drug Discovery Foundation. NeuroTherapia is a spinoff from Cleveland Clinic and is working on a treatment for neuroinflammation that is thought to play a crucial role in the progression of neurodegenerative conditions. France-based medical technology developer Gleamer has raised €7.5m ($8.7m) in a series A round led by XAnge and backed by insurance firm MACSF, Majycc eSanté Invest, Crista Galli Ventures, Elaia, Bpifrance’s Ambition Amorçage Angels and a group of 37 angel investors. Gleamer is working on an artificial intelligence-powered software that helps radiologists make diagnoses. The money will go towards securing regulatory clearing in the US and to develop the technology further. US-based cloud-based energy analytics software provider Bidgely has procured $8m in funding from CIBC Innovation Banking, the investment arm of financial services firm Canadian Imperial Bank of Commerce. Bidgely previously raised $27m in a series C round in early 2018 backed by energy utilities Eon and RWE. Israel-based deep learning technology developer DeepCube has completed a $7m series A round backed by Koch Disruptive Technologies, the investment arm of conglomerate Koch Industries, and Nima Capital. The round was led by Awz Ventures and brought DeepCube’s overall financing to $12m, the company said. The cash has been allocated to product development, commercialisation and growing the startup’s headcount. Endel, a…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).