Consumer

Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.

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

Online rewards platform developer ShopBack added $30m on to a Rakuten-backed round that will support the strengthening of its technology.

Fashion conglomerate TSI Holdings has backed a fund of undisclosed size launched by fashion tech-focused venture capital firm Lyra Ventures.

Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.

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

MIT Media Lab-affiliated E14 Fund has invested in the biomanufacturing software provider as part of a series A round led by Cultivian Sandbox Ventures.

Amrish Rau, who headed investments for PayU, has taken on the CEO role at corporate-backed merchant services provider Pine Labs.

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

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

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.