SmartNews, co-founded by University of Tokyo researcher Ken Suzuki, is valued at $1.1bn following a $28m series E round led by Japan Post Capital.

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

Access Industries’ ClalTech subsidiary has backed a $135m round for Lightricks, pushing the photo and video editing app developer’s valuation to $1bn.

DSP Group participated in a $14.7m round that will enable the AI-powered digital content studio to increase its production of online video content.

Vice Media is in negotiations to buy Refinery29, which has raised about $125m in equity funding from investors including WarnerMedia, WPP and Scripps Networks Interactive.

WarnerMedia, Bertelsmann and SpotX are set to exit the video distribution technology producer, which has agreed to be acquired by Frankly.

The iDreamSky-backed online game development platform has raised $14.5m in a series B round that included strategic investor YY.

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

Bertelsmann Digital Media Investments is set to exit geek-focused digital media platform Inverse in an acquisition of undisclosed size by Bustle.

Red Light Management and Another Planet Entertainment took part in the $10.7m round, which increased the live audio technology provider's total funding to $15m.