Free-roam VR experience technology company Holodeck VR has been backed by ProSiebenSat.1 Media, raising the prospect of business development collaborations with the corporate's television networks.

Telecoms firm InTouch Holdings has reserved approximately $6m to invest in seven startups this year, four of which are already at the due diligence stage.

Sector analysis: Media

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

Bytedance-backed news and literary content aggregation service Dailyhunt reportedly increased its overall funding to $140m, after Sofina invested at a $534m valuation.

The short-form streaming platform is looking to add to $1bn already raised from investors including Disney, Warner Bros, Entertainment One, Alibaba and Sony Pictures Entertainment.

The neighbourhood-based social media platform has now raised $400m altogether, its existing backers including GV, Comcast Ventures and Axel Springer.

Josh Epstein has come over from investment bank Stifel to head up the OLED display and lighting technology producer's newly launched UDC Ventures vehicle.

Bertelsmann has promoted Daulins Emilio, previously director of investments at Bertelsmann Brazil Investments, to lead the unit and the Corporate Centre in São Paulo.

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