Hugo, an on-demand delivery and services provider focused on Central America and the Caribbean, intends to channel up to $10m into the vehicle.

Tencent and Bertelsmann Asia Investments returned for a round that pushed the online fitness community and product maker's valuation past $1bn.

Edtech has benefited from covid-19 restrictions, the record high for capital in the sector was $2.4bn in 2018

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

Aviation Industry Corporation of China invested in the industrial internet-of-things satellite operator Commsat's latest round to bring its overall funding to $68.2m.

Customer communications technology provider Kustomer has acquired chatbot developer Reply, handing exits to Aflac, R/GA and Westfield.

Intel Capital has invested at least $132m in 12 companies so far this year and is on its way to putting between $300m and $500m into startups by the end of 2020.

M12 has co-led a $30m series B round that also featured existing shareholder Comcast Ventures and will allow FortressIQ to help clients navigate the current economic climate.

Axa Venture Partners has swung behind Zenjob for a $30m series C round that will enable the recruitment platform to build out its market share in Germany.

The JD.com and Walmart-backed company is expected to raise as much as $500m in proceeds when it lists on the Nasdaq Global Select Market.