
SoftBank-backed online grocery platform Grofers has received a $10m investment from Abu Dhabi Capital Group, adding to a $200m initial series F close two months ago.
AbbVie and Pfizer-backed acute kidney injury therapy developer AM-Pharma has now raised $249m in all and will use the latest round for a phase 3 trial.
Goldman Sachs has put $25m of funding into Raisin to drive an expansion into the US and into two additional European markets.
Naspers is in talks to lead the $500m round, which is also expected to feature NeoPlux and will reportedly value the food delivery platform at $4bn.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Dentsu was among the backers of a $20m series E round for NewsCred, which has now raised more than $100m from investors also including Verizon and Digital First Media.
Singapore Post-backed logistics network operator Rivigo has increased its series E round to $65m following a second close co-led by Warburg Pincus and SAIF Partners.
Robert Bosch Venture Capital has supplied a $5m extension to bring the round, already backed by Dell, BMW and General Electric, to a $55m second close.
Tencent and Naspers-backed education platform Byju’s is targeting an expansion into the US, the UK, Australia and New Zealand following the $150m funding round.
Prudential Financial and existing shareholder PayU have backed a $135m series E round for Remitly, which concurrently obtained $85m in debt financing.