Coffee chain Starbucks caught the mood when it invested $25m in US-based mobile payments company Square as part of a strategic tie-up and this year’s winner of the Global Corporate Venturing Award for Large Investment.

The deal was a rare step into corporate venturing by Starbucks, but this did not restrain the ambition of the deal, in which Starbucks invested and in return looked to roll out Square across its coffee chain, makes the $200m round raised by Square…

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