Consumer

The smart home device developer has closed an American Family Ventures-backed round that lifted its overall funding to at least $35m.

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

Meituan Dianping and Bytedance were among the shareholders that committed to investing $380m in a concurrent private placement.

Naspers Ventures-backed Joymode has been saved through an acquisition by XRC Labs, having failed to scale its consumer goods rental service effectively.

Line’s on-demand delivery service has attracted $110m from BRV Capital as it merged with restaurant listings website Wongnai Media.

Sanquan Food-backed convenience store operator Guoquan Shihui has raised $60m in series C funding to bring its total capital to more than $123m.

GPI Capital and JPMorgan Chase have injected $150m into Pharmapacks, whose backers already include Reckitt Benckiser, McKesson, Sealed Air and Emerson Group.

Alibaba-backed e-commerce company Nice Tuan has raised its third funding round this year, adding $80m to its coffers that now contain almost $300m in total.

JD.com and Expedia-backed online travel agency Traveloka has picked up $250m in funding led by an undisclosed investor that could be Qatar Investment Authority.

MNC Media and Sinar Mas-backed fashion e-commerce company Sorabel has run out of cash having already shut down its Philippines-based subsidiary.

The online home insurer raised a series E round backed by a host of corporate venture investors.