Corporate-backed RAM memory product developer Avalanche Technology has now raised more than $100m, its earlier backers including Qualcomm, VTB and Rogers Venture Partners.

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

GV participated in a round that will enable the on-demand recruitment platform to accelerate its expansion across the US.

Online investment management service Wealthsimple secured $74.6m in an Allianz X-led round that also featured long-standing investor Power Financial.

Existing backer Virgin Group returned to reinvest in intimate gig promoter Sofar Sounds, which just celebrated its 10th birthday.

The drug development software provider has added $25m to an Alphabet and Wuxi AppTech-backed first tranche it closed in January.

EquiTrust-backed clothing e-commerce company Luxury Closet has collected $11m, taking its overall funding to nearly $30m.

Mahindra's private equity unit invested $29.3m in the ophthalmology centre operator, in a deal that enabled Matrix Partners India to exit.

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

Arm has co-led a $16.6m round for wireless connectivity technology provider Blu Wireless, two years after leading its series B.