Led by two former Caixa Capital team members, Indico Capital Partners has raised $47m for the first close of a fund that will target Portuguese and Spanish startups.

The workspace operator invested in a round that will support superfood supplier Laird's product development and acquisitions.

Cosmetics e-commerce platform and services provider B2Link has reeled in $15m in a round backed by Posco Capital and Kolmar Korea.

Strathclyde-founded dermatological device manufacturer Cutitronics has collected further investment from specialty chemicals supplier Croda as the pair aim to win business with personal care brands.

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 is considering a commitment to a forthcoming round for instalment buying and lending platform Akulaku as a strategic investor.

Appliance manufacturer Midea is targeting between $147m to $293m for the fund and has contributed $44m through its own investment arm.

Vorwerk Ventures returned to reinvest in the smart luggage developer as part of an $11.4m round that also featured Project A and Milano Investment Partners.

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

A subsidiary of Suning has backed the community e-commerce platform's series A round, with the proceeds to fund geographic expansion and enhancement of its supply chain.