The Kyoto University spinout backed by the institution’s i-Cap fund has secured $25.5m in funding from returning investors.

JD Logistics has filed for an initial public offering on the Hong Stock Exchange and is reportedly eyeing a $40bn valuation.

Rising Stars Q&A – Banafsheh “B” Fathieh, head of investments for the Americas, Prosus Ventures

The edtech-focused firm has raised $165m from limited partners including Sesame Workshop, Kaiser Foundation Hospitals and National Geographic Society.

Asahi Shimbun, Dentsu and Zoshinkai are set to exit the notebook-sharing platform operator in an acquisition of undisclosed size by office products supplier Kokuyo.

Sector focus: services

IWG has acquired a majority stake in the co-working space provider just weeks after GV bought the shares held by WeWork.

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

The Petco-backed pet services provider is set to be valued at about $1.6bn in a deal that will involve it listing on the Nasdaq Capital Market.

Salesforce Ventures and Atlassian Ventures helped the pre-sales software developer boost its funding to $56m altogether.