Dentsu and Scrum Ventures have formed an accelerator for sports technology startups known as Sports Tech Tokyo.

Legend Holdings, Eli Lilly, Ping An, China Life and Taikang Insurance are in line for exits as Innovent Biologics gears up for an initial public offering sized at $400m to $500m.

Bertelsmann and Tencent returned for supply chain financing provider Linklogis' $220m series C round, which also attracted fellow corporates GLP and Skyworth.

Taiho Ventures, launched two years ago with $50m in capital, has had its reserves expanded by a further $250m as Taiho Pharmaceuticals looks to enhance its open innovation work.

NeuCloud has landed $14.4m for its industrial IoT services business, having previously raised funding in Eisoo-backed rounds in 2015 and 2016.

Fosun RZ Capital supplied $5m for trucking services provider LetsTransport, which reportedly already counts GMO, Flex, CBC Group and Mitsui Sumitomo Insurance as backers.

Apollo Hospitals is among the contributors to the fund, which will back innovative health technology developers in South and Southeast Asia.

Ant Financial has returned to put another $210m into Zomato, after purchasing $200m worth of primary and secondary stock in the food delivery company earlier this year.

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

Paradise Group of Industries and Gobi Ventures co-led a $9.9m round for working space provider GoWork, which merged with competitor ReWork in February.