Consumer

Yuan Gao, formerly head of strategic investments, has ascended to head of corporate strategy and investments, almost five years after joining the parent company.

SoftBank Vision Fund and Sequoia Capital China have injected an additional $200m in funding to bring the series D round, already backed by the former, to $1.7bn.

Flint Hills Resources has contributed to a $133m series B round for RWDC Industries, which is working on a biodegradable alternative to plastic.

The food and nutrition business picked up backers including Fosun International and existing investor Qualcomm Ventures after earlier rounds in 2011 and 2014.

Groupe Arnault-backed Back Market has added $120m in funding to its coffers thanks to Goldman Sachs, Aglaé Ventures and Eurazeo Growth.

Fresh from rejuvenating its corporate venturing team, Syngenta has launched a new accelerator in a bid to uncover novel food protein products.

US-based cybersecurity software developer DivvyCloud agreed to be acquired by security analytics provider Rapid7 for $145m in a cash and shares transaction that will give an exit to mass media group Discovery Communications.

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.

General Atlantic has supplied equity and secured shares through a secondary transaction, and will aid the CMU-founded language app developer's international growth objectives.

The coffee chain has selected Sequoia Capital China as its partner for a strategic investment campaign in one of its two largest growth markets.