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Corporate venturing deal net: 2-6 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Nov 6, 2020ADM commits to Seventure's health fund
Venture firm Seventure’s Health For Life Capital Fund II has received a contribution of undisclosed size from Archer Daniels Midland.
Nov 6, 2020IDS BuyBuyBuy identifies SIG in $40m round
The curated cosmetics retailer completed a series B-plus round led by Orchid Asia Group and backed by existing investor SIG Asia.
Nov 5, 2020Ozon goes to IPO stage
The Sistema-backed e-commerce platform could reportedly raise up to $500m in an initial public offering potentially valuing it at as much as $5bn.
Nov 4, 2020Corporates back Bukalapak in $100m round
The e-commerce marketplace has reportedly recruited Microsoft and Emtek for a round with a $200m target that could value it at up to $3bn.
Nov 4, 2020Wanwu Dezhi wraps up $80m series C
United Media FOFs was among the participants in the antiques e-commerce platform's fifth round, which will fund platform development and human resources activities.
Nov 4, 2020Dr Oetker decides on billion-dollar Flaschenpost purchase
Corporate venturing vehicle Vorwerk Ventures is exiting beverage delivery provider Flaschenpost in a $1.16bn acquisition by Dr Oetker.
Nov 3, 2020Xunshi punches through series C round
The 3D-printed product supplier raised an eight-digit dollar amount in a round featuring Chinese Academy of Sciences.
Nov 3, 2020Nestlé nets Freshly in $950m deal
Nestlé bought the healthy meal kit delivery service three years after leading its series C round, in a deal that could reach $1.5bn with earnouts.
Nov 2, 2020PetLove merges with DogHero
SoftBank-backed pet product retailer PetLove is joining forces with pet services-focused DogHero, which counts Rover among its investors.
Nov 2, 2020Europe cuts planned innovation council budget
Expected budget for European Innovation Council of €3.5-4bn to entrepreneurs less than planned €10bn over the 2021-2027 period
Nov 1, 2020Marui recruits Samurai Incubate for pitch contest
Marui Co-Creation Pitch 2021 will be made up of early-stage developers of sustainability, customer service and inclusive finance technology and products.
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