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, Africa-focused e-commerce platform Wassha has raised ¥1.01bn ($9.2m) in a series B round from backers including air conditioning equipment manufacturer Daikin Industries, motor vehicle manufacturer Yamaha Motor Company and trading group Marubeni. The round also featured Mizuho Capital, a VC vehicle for financial services firm Mizuho Bank, University of Tokyo Edge Capital (Utec), a VC firm affiliated with the institution, and Mistletoe Japan. Founded in 2013, Wassha has developed an off-grid solar service for rural areas in Africa. Its…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
