Consumer

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

Nana, which has seen demand for its online grocery-ordering app skyrocket in recent days, secured $18m in a series B round co-led by Saudi Technology Ventures.

The Tokyu-backed scheme has hosted the fifth batch’s demo day with Subsclife, Barus, Luup, Fun Up, Self Link and Sora (MagicPrice) receiving awards.

Naspers subsidiary OLX Group led a $120m round for the e-commerce app developers, which have agreed to merge, and will own 40% of the combined entity.

The Montana State University-backed edible protein developer has rebranded from Sustainable Bioproducts and received series B funding.

The edible protein developer has rebranded from Sustainable Bioproducts and received series B funding from investors including existing backers Danone and Archer Daniels Midland.

Temasek led a funding round that expanded the UC-RNT Fund-backed health and wellness services platform's overall financing to approximately $390m.

North Wearables, the Intel and Amazon-backed AR glasses developer formerly known as Thalmic Labs, has raised $170m over eight years but could run out of cash within four months.

Juniper Networks and Cox have backed a sizeable series B round for edge and cloud computing tech developer StackPath.

The Unilever and Lenovo-backed grocery delivery service has raised $28m but could reportedly be acquired at a valuation below $15m.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.