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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, 2020

ADM 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, 2020

IDS 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, 2020

Ozon 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, 2020

Corporates 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, 2020

Wanwu 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, 2020

Dr 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, 2020

Xunshi 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, 2020

Nestlé 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, 2020

PetLove 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, 2020

Europe 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, 2020

Marui 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.

Oct 31, 2020
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