The e-commerce firm has agreed to pay approximately $21m for a 30% stake in Mengniu Dairy's delivery service spinoff, in a deal set to close by the end of next year.

Digital Garage, SoftBank Ventures Asia, SBI Group, Beenos and Kasikornbank all backed consumer goods marketplace Sendo, with the cash to go to product development.

The consumer-focused venture firm has raised $60m for the first close of the L’Oréal-backed Fireside Fund II on the way to a $100m target.

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

Slack Fund has contributed to a $200m series A round for 1Password, the password manager’s first funding round since it was founded in 2005.

Xiaomi has made a strategic investment in the electric vehicle manufacturer’s $400m series C round alongside several unnamed new and existing backers.

Foundry Group has led a $55m series D round for Whoop, which has now raised more than $100m from investors also including Infosys and NFL Players Association.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Stanford-StartX Fund-backed smart mattress manufacturer Eight Sleep has increased its total funding to almost $65m following a $40m series C round led by Founders Fund.