Home Depot has taken part in a $37m series C round, which increased the UPS-backed courier service's overall funding to $62m.

Ian Folau, a co-founder and former CEO of GitLinks, has been hired by the recently launched LMI Ventures as a managing director.

Sector focus: Services

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

Cargo shipping services platform Flexport is now valued at $3.2bn following a $1bn round led by SoftBank Vision Fund that will go to technology development and hiring.

The last-mile consumer goods delivery service has almost quadrupled its valuation in under a year, as SoftBank Vision Fund returned for a $400m round.

University of Michigan will supply an initial $2.75m in funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.

Mofang Apartment has tapped its investment unit to invest in the 58.com-backed apartment rental platform operator's $29.7m series B round.

The workspace operator is reportedly seeking a $3bn valuation in a US IPO that would allow a host of corporates including several real estate developers to exit.

SoftBank Vision Fund and GV have contributed to a $200m series D round for Clutter, following reports earlier this month that estimated the round would be sized at up to $250m.