Consumer

A snapshot of the corporate-backed venturing activity in Asia-Pacific show it is the second most active region in terms of corporate-backed venture deals and exit count.

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

The resale services provider has now disclosed approximately $35m in funding, having added Prologis Ventures to its investor base.

GV was among the investors that provided $35m for the company in an October 2018 round that took its total funding to $45m, it revealed this week.

Comcast NBCUniversal and Grace Beauty scored exits as Peloton Interactive floated at the top of its range to raise $1.16bn, getting a further $100m in a private placement.

Divvy, which facilitates the progressive purchase of a home by using part of the rent for a future down payment, raised $43m in a series B round co-led by Lennar.

The second-hand goods trading platform has completed a $20m series B-plus round co-led by Recruit and will use the proceeds to expand its product range.

Strategic partner RXR Realty joined GV to co-lead a series B round that will fund the expansion of Kitchen United’s network of food delivery hubs.

Santander's SmartBank was among the latest investors in online tailored clothing retailer Lookiero, which will spend the proceeds on European expansion.

Tencent has reportedly committed between $130m and $150m to ETechAces, a financial comparison service already backed by SoftBank Vision Fund and Info Edge.

Moti has received funding from SIG Asia to close its series A round following a $31m first tranche in July.