Consumer

Innovative region: Brazil

Sector challenged amid fintech disruption

IQM Quantum Computers, a Finland-based quantum computing spinout of Aalto University and VTT Technical Research Centre, attracted a €39m ($46m) series A round from investors, including internet group Tencent.

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

SoftBank Vision Fund is the largest shareholder of food delivery service DoorDash, valued at $16bn as of June and heading to an initial public offering.

The Amazon, Comcast and American Express-backed grocery delivery service is reportedly looking at early next year for an offering that would hike its valuation 70%.

Bertelsmann Asia Investments led a round sized at tens of millions of dollars for the protein-based food manufacturer, investing alongside Fosun RZ Capital, Houwei Capital and Microidea.

China-based financial services provider Ant Group, spun off by e-commerce group Alibaba, intended to float on the Shanghai and Hong Kong stock markets.

Ant Group, the financial services subsidiary of China-based e-commerce group Alibaba, was due to raise a targeted $37bn in a dual listing in Shanghai and Hong Kong but the mega-initial public offering was unexpectedly blocked by an intervention from financial regulators in Beijing at the eleventh hour.

Intel Capital was among the investors in a $13.5m round that took the e-commerce personalisation tool provider's overall funding to more than $34m.

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