Consumer

Comcast Ventures-backed smart luggage brand Away has reportedly secured $30m to $40m in bridge financing as it faces a downturn in business due to the coronavirus.

At-home fitness company Mirror is set to be acquired by Lululemon for $500m, after the corporate contributed to its series B round in November.

The beauty and cosmetics group is acquiring a 20% stake in Kim Kardashian West's beauty brand at a $1bn valuation in connection with a partnership agreement.

Mediaset-backed online florist Colvin has now raised about $29m altogether, $15.7m of which has been supplied in its latest round.

Tencent has reportedly committed to a series C round set to triple grocery delivery platform Xingsheng Youxuan's valuation to $3bn.

1868 Ventures will fund agriculture, lawncare and sustainable packaging technology developers, providing up to $2.5m for a first investment.

Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.

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

University of Washington’s artificial intelligence-powered customer support spinout AnswerDash has been bought by CloudEngage.

The Fosun-backed smart apparel technology provider has filed to raise just over $50m on the Shenzhen Stock Exchange’s ChiNext market.

The merchant group’s LDC Innovations fund will back food and agtech startups, with Max Clegg, its former head of food innovation, heading up the unit.