Consumer

Cethik-backed artificial intelligence chipmaker NextVPU has received $42.3m from unnamed investors to scale its research and development activities.

Fast will put the funding into recruitment and the international roll-out of its rapid e-commerce login and checkout system.

Mann+Hummel was among the investors for a $16.4m round that brought air filter subscription service Second Nature's overall funding to nearly $35m.

Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last month.

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

Nana, which has seen demand for its online grocery-ordering app skyrocket in recent days, secured $18m in a series B round co-led by Saudi Technology Ventures.

The Tokyu-backed scheme has hosted the fifth batch’s demo day with Subsclife, Barus, Luup, Fun Up, Self Link and Sora (MagicPrice) receiving awards.

Naspers subsidiary OLX Group led a $120m round for the e-commerce app developers, which have agreed to merge, and will own 40% of the combined entity.

The Montana State University-backed edible protein developer has rebranded from Sustainable Bioproducts and received series B funding.

The edible protein developer has rebranded from Sustainable Bioproducts and received series B funding from investors including existing backers Danone and Archer Daniels Midland.

Temasek led a funding round that expanded the UC-RNT Fund-backed health and wellness services platform's overall financing to approximately $390m.