Consumer

The contract beauty product manufacturer’s sophomore accelerator cohort will follow a maiden edition held in July 2020 in collaboration with private equity firm Carlyle.

McCain helped meatless nugget producer Simulate secure a $250m valuation while retail technology developer Grabango raised $39m from investors including Unilever and Honeywell.

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

Tata Digital has hired CureFit’s chief executive as part of a $75m investment for the UC-RNT Fund-backed health and fitness app developer.

An unnamed investor provided $4.8m for the SoftBank, Prosus, Rasmussen, Arctic Group and Rema-backed online grocer at a $1.2bn valuation 33% higher than its last round, in April.

Tata subsidiary Tata Digital Digital has hired CureFit’s CEO as part of a $75m investment round for the Unilever Ventures-backed health and fitness app developer.

Novel Group and CAA are set to exit NuOrder after the business-to-business e-commerce platform agreed to an acquisition by Lightspeed.

The whisky brand’s Uncle Nearest Venture Fund will back minority-founded spirit companies and it has already invested in Equiano and Jack From Brooklyn.

The 58.com and Tencent-backed Zhuan Zhuan has pulled in series A funding for its business-to-business platform, which is valued at $140m.

Etsy is acquiring the Gen Z-focused social commerce platform Depop, giving an exit to Lumar. The transaction and its large size may be indicative of a potential momentum for exits from emerging enterprises in this space.

Airbus-backed space mapping software provider LeoLabs closed a $65m round while Qualcomm took part in supply chain technology developer Locus's series C funding.