Consumer

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.

The Tencent and Lenovo-backed grocery e-commerce platform has closed its latest round, shortly after reports suggesting it was lining up $500m.

US-based construction services provider Katerra received $200m in funding from the SoftBank Vision Fund I, the vehicle formed by telecoms conglomerate SoftBank.

Guangzhou Honest Dairy's yoghurt brand has spun off with $56.3m in a round led by Matrix Partners China that will fund the strengthening of its production resources.

Hugo, an on-demand delivery and services provider focused on Central America and the Caribbean, intends to channel up to $10m into the vehicle.