Consumer

Palo Alto Networks agreed to buy cybersecurity orchestration platform Demisto for a mixture of cash and stock, highlighting the potential of the vibrant cybersecurity space

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

Just, the Uni-President Enterprises-backed, plant-based food supplier formerly known as Hampton Creek, is seeking $200m in fresh funding primarily from Chinese investors.

Kinnevik has agreed to invest $42.5m in Clas Ohlson-backed online supermarket MatHem while buying $53.5m in a secondary investment deal.

Opendoor, whose shareholders include GV and SoftBank Vision Fund, is reportedly seeking $200m at a $3.7bn valuation, which would take its total funding to $1.25bn.

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

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

Comcast and Grace Beauty-backed interactive exercise platform Peloton Interactive is interviewing banks for an offering slated for the second half of 2019.

Kaust is preparing for the third phase of its Taqadam startup accelerator, which is supported by a host of Saudi Arabian academic institutions and claims to have achieved a 35% female participation rate.

UAEpreneurs will operate with support from University of Manchester’s Middle East Centre in Dubai, providing 10 mainly digital-focused startups the opportunity to raise $50,000 to $250,000 in capital.