Consumer

Private equity group Northstar has reportedly led a $130m round for the e-commerce marketplace, which counts JD.com, Sumitomo, CyberAgent and VNG as investors.

The classified listings group is putting up about $46m for Info Edge Venture Fund and expects to mobilise external backers to hit a $100m target.

University of Chicago returned to contribute to a series B round for smart oven provider Tovala.

Comcast Ventures and Rich Products Ventures contributed to a series B round for smart oven provider Tovala, whose earlier backers include Gree and Tyson Ventures.

The SoftBank and Kakao-backed locally-focused e-commerce platform raised the money in a series C round co-led by Goodwater Capital and Altos Ventures.

Amazon Alexa Fund contributed to the home automation technology producer's series C round through its Alexa Fund, revealing itself as an existing investor in the process.

Gene sequencing corporate spinoff MGI Tech closed a $1bn series B round backed by IDG Capital and CPE Capital. The company offers an array of products, some of which have been used for Covid-19 detection and forms part of the promising space of genetics tech.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The Vietnamese e-commerce platforms have reportedly agreed to merge subject to regulatory approval, having jointly raised nearly $300m from backers including SoftBank and JD.com.