Consumer

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.

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

The online retailer has added eBay to its shareholders after the online auction platform purchased a 5.5% stake in return for a reported $150m to $200m investment.

The 100% organic coconut oil-based beauty and lifestyle brand received $20m in the L Catterton-led round, which featured Unilever Ventures and University Growth Fund.

SoftBank-backed online grocery platform Grofers has received a $10m investment from Abu Dhabi Capital Group, adding to a $200m initial series F close two months ago.

Marketing firm Opt’s corporate venturing arm has joined multiple corporates to provide an undisclosed sum to the garment production platform operator, which increased its total funding past $18m.

Cancer treatment company Biontech raised $325m round backed by Fidelity. The company forms part of the hopeful oncology and cancer treatment subsector of life sciences which has seen much growth and in corporate backing 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.

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

Returning investor Singtel Innov8 took part in the round together with Kickstart Ventures, allowing Igloohome to bolster its research and development budget.

A host of individuals connected with the e-commerce industry have supplied capital, enabling Stanford-linked company Bolt to target its next phase of expansion.