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.

VR tech developer Moiin will seek $100m for a new vehicle to back small VR projects as it pursues internal development of high-spec VR systems and an immersive VR software platform.

The online streaming service is preparing an IPO after a Fidelity-led round that included corporate investors MNC, JTBC, Sky, Hearst and Yoshimoto Kogyo.

Baidu led the children's fiction provider's series C round, investing alongside fellow corporates New Oriental Education & Technology and TAL Education.

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.

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

Venture capital firm Sierra Ventures has received LP commitments from several undisclosed corporates to reach a $215m close.

Tencent-backed Douyu has successfully listed on Nasdaq after completing a $775m initial public offering that came after economic tensions forced a delay earlier this year.

8x8 has acquired cloud-based communications technology provider Wavecell in a $125m cash and stock deal, allowing Telkom Indonesia's MDI Ventures to exit.