Consumer

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

The Tencent and Lenovo-backed online grocery retailer could reportedly raise up to $1bn through a US initial public offering.

Samsung Next and Assurant were among the investors in the $53.5m equity portion of a $71.4m round led by JMS Capital-Everglen.

The GV-backed consumer goods marketplace secuerd $60m in primary funding alongside a $190m secondary share sale by employees.

Nine institutions have joined Generation Food Rural Partners, joining inaugural collaborator NC State announced earlier this year.

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

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.

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.

Opt scored an exit as the jewellery subscription service was purchased by jewellery retailer Signet for an undisclosed sum.

Prosus and SoftBank Vision Fund 2 co-led a round valuing the the online grocery retailer, which has just rebranded, at $900m post-money.