Consumer

University of Zurich has generated 143 spinouts since 1999, 75 out of which were founded in the past decade.

Prosus took part in a round that pushed the total raised by the food and consumer goods delivery service to $856m.

Retail brand management business Soci has assembled $115m to date from investors including Stanford University's Daper Fund.

The smart lock provider is merging with a SPAC set up by real estate manager Tishman Speyer, an existing investor, at a $1.56bn post-money valuation.

Pidilite Industries and L’Oréal helped the consumer-focused venture firm hit a $118m final close for its second fund, surpassing its $100m target in the process.

Before the commercial release of Rivians’ electric vehicles (EV) this year, Amazon has returned to back the company in a round valuing it at $27.6bn. The EV space is among the hottest in the automotive business and valuations have remained high despite the cyclical nature of demand for vehicles.

Susquehanna International Group and Hupu returned to back a $23.2m round for the men’s grooming brand after previously supplying it with capital in 2020.

SIG and Hupu have returned to take part in a $23.2m round for the men’s cosmetics provider, having respectively backed its series A and A-plus rounds last year.

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

Rich Products, Thai Union and OurCrowd have participated in a new round of convertible note financing for BlueNalu, which is developing lab-grown seafood products.

Givaudan and Grupo Bimbo are among the limited partners in foodtech investor Blue Horizon Ventures' debut venture fund.