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News round up 08 August 2016

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Aug 5, 2016

Birchbox closes $15m in convertible note round

The Comcast-backed beauty product e-commerce company has received the convertible note financing to hold it over until it becomes cash flow positive.

Aug 5, 2016

Jet enters talks to land at Wal-Mart

Alibaba and Alphabet-backed e-commerce platform Jet, which raised money at a $1bn valuation in November, could be acquired by Wal-Mart for up to $3bn.

Aug 4, 2016

Konga looks to exit the dancefloor

Konga, a Nigeria-based e-commerce company in which Naspers reportedly holds a 50% stake, has approached prospective buyers for an acquisition in the $35m range.

Aug 2, 2016

Rakuten gets back on Carousell in $35m round

Existing backer Rakuten has returned to lead a $35m series B round for Carousell, putting the mobile marketplace app provider's total funding at $41.8m.

Aug 2, 2016

Africa Internet Group sells CDC on $55m investment

Corporate-backed AIG took its 2016 equity funding to more than $465m with an investment from UK state-backed development finance institution CDC Group.

Aug 1, 2016

Wonder Workshop completes $20m series B

The Alphabet-backed educational robot producer has now raised about $37m since 2012 and is preparing to make a push into the Asian market.

Jul 29, 2016

Helmet maker Skully hits brick wall

The Intel-backed motorcycle helmet producer has ceased operations following the CEO's departure and varying accounts of an acquisition deal by LeSports.

Jul 29, 2016

Mezi interacts with Amex in $9m series A

American Express Ventures was among the investors as the chatbot shopping startup boosted its overall funding to nearly $11m in seven months.

Jul 28, 2016

Take Eat Easy delivers last meal

Rocket Internet-backed food delivery service Take Eat Easy has shut down following unsuccessful attempts at raising a series C round.

Jul 28, 2016
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