Consumer

Doosan, Gree, Oppo and Summit Media have exited the young female-focused social media platform in an acquisition by MyGlamm.

The bespoke suit maker’s three-month initiative will admit up to 15 D2C-minded startups and projects for its first batch.

UChicago’s Arts + Public Life hub has launched a shopping arcade-based retail accelerator starting with three black-owned businesses.

The number of corporate-backed companies going public declined in 2019, despite some major IPOs like those of Uber, Lyft and Slack.

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

Allied Minds claimed a 1.27x investment return after exiting restaurant guest engagement platform TableUp in an all-share transaction.

The 24-hour grocery chain secured the money in a series C round co-led by Tencent, the corporate investor that also led its series B early last year.

The Telstra, Softbank and American Express-backed e-commerce software provider BigCommerce floated above an expanded range.

Nestlé is the main backer of the consumer investment firm's latest fund, which has a $150m target for its final close.

Bertelsmann, Joyy and Tencent-backed group buying platform Tongcheng Life has joined forces with Suning-backed peer Lininlyi in a deal that involved a nine-figure dollar investment.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.