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Corporate venturing deal net: 11-15 May 2020

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

May 15, 2020

Clear Labs experiments with $18m round

GV and Tyson Ventures invested in an $18m funding round for Clear Labs that has now raised $62m altogether from backers also including Dentsu and Tencent.

May 15, 2020

Nanit gets its hands on $21m

Flex-backed baby monitor developer Nanit has closed a $21m funding round, bringing its total equity to $50m four years after the corporate made its investment.

May 14, 2020

Deliv reaches Target for acquisition

Same-day goods courier marketplace Deliv, whose backers include Google and Westfield, is expected to close after moving its assets and some staff over to Target.

May 13, 2020

Shiprocket takes off with $13m series C

E-commerce supply chain business Shiprocket secured the return of Bertelsmann India Investments in a round earmarked for product development, recruitment and overseas expansion.

May 13, 2020

Vroom puts IPO plans in motion

Vroom, the AutoNation-backed used car marketplace that completed a $254m series H round last December, has confidentially filed for an initial public offering scheduled for next month.

May 12, 2020

Kopi Kenangan brews $109m series B

Kunlun has contributed to a $109m series B round for Kopi Kenangan that will allow the Indonesian coffeehouse chain to launch new products as well as expand nationally and overseas.

May 12, 2020

SIP sides with Alphabet for $400m series A

Alphabet has contributed to a $400m for Sidewalk Infrastructure Partners, a spinoff from the conglomerate’s smart cities technology subsidiary Sidewalk Labs.

May 11, 2020

Market Kurly puts $160m in series E basket

SK Networks has contributed to a $160m series E round for Market Kurly, an online grocery platform that will use the money to open a larger fulfilment centre in Seoul.

May 11, 2020

Analysis: Chehaoduo receives $1.7bn in series D

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

May 11, 2020
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