Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Ant Financial, e-commerce group Alibaba’s financial services affiliate, paid an undisclosed amount for a minority stake in Sweden-based payment services provider Klarna through a strategic partnership agreement on Wednesday. Klarna had previously raised more than $1.1bn from investors including fashion retailer H&M, payment services firm Visa and banking group Commonwealth Bank of Australia as of January this year and was valued at $5.5bn as of a $460m round in August 2019.
China-based cloud office software provider Shimo Wendang…
