Ntwrk co-led the round for Faze Clan through a commercial partnership that will involve the latter's esports merchandise integrating with its video commerce platform.

Mobile game studio Nifty Games secured funding in an Axiomatic and Century Game-backed round as it gets ready to release its first title.

RPG developer Hypixel Studios has been purchased by Riot Games for an undisclosed amount two years after it invested in the startup.

DTCP is set to exit video conferencing software developer BlueJeans Network which has agreed to an acquisition by Verizon Business reportedly sized at under $500m.

ATM Capital got about halfway to its $200m target with help from Alibaba and 58.com before the coronavirus hit fundraising efforts.

Itochu and Sony Music Entertainment backed a $17.7m round for the virtual entertainment provider that will go to talent acquisition and business development.

Princeton University is a long-standing partner of Qiming Venture Partners, having invested in the latter's inaugural fund back in 2006.

Corporates Recruit and Alphabet have backed the series C round of Podium, which reportedly valued the customer engagement platform at about $1.5bn. This is one of the most notable deals in the digital marketing and adtech space, which has seen consistent corporate-backed deal flow in the past decade.

NetEase, SoftBank, Time Warner, Madison Square Garden, Dick Clark Productions, Citic Guoan, Founder Group and Comcast could all exit the virtual event platform developer.

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