Consumer

Expected budget for European Innovation Council of €3.5-4bn to entrepreneurs less than planned €10bn over the 2021-2027 period

Marui Co-Creation Pitch 2021 will be made up of early-stage developers of sustainability, customer service and inclusive finance technology and products.

In 2017, property listing startup Hipflat raised an undisclosed amount from Japan-listed internet company Aucfan

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

Tencent, Hengan International and Lenovo Capital helped the offline-to-online retail platform's series C round, which will fund research and development work.

Turning Point Brands has supplied $15m for cannabinoid health product developer Dosist through a co-development and distribution pact.

MIT has put $35m into The Engine's second fund – up from its $25m commitment to the first fund – and has been joined by Harvard as a new LP.

Allana Group helped the fresh food delivery service push its overall funding past the $160m mark as it sees sales substantially rise.

New retail holding company Ficus raised equity funding from EWTP Capital, which is backed by corporate parent Alibaba.

Media group Schibsted has exited the aftersales experience platform, which has been purchased by financial technology developer Klarna.

Several of the online fresh fruit and vegetable retailer's subsidiaries have filed for bankruptcy despite it raising more than $800m from investors including Alibaba and Suning.