Consumer

The Target-backed mattress and bedding brand is floating at the bottom of its range, at a valuation of less than half that of its last funding round.

Deutsche Telekom Capital Partners and Rocket Internet contributed to a $13.3m round that will help the deals-focused e-commerce company grow in the US.

Eight months after Grace Beauty-backed Harry’s agreed to an acquisition by Edgewell for $1.37bn, the US antitrust agency has sued to block the deal on competition grounds.

The University of Bristol-led incubator now has more than 80 portfolio companies, which posted a combined turnover of $77m during 2019.

The Advance Publications, LVMH and IMG-backed e-commerce platform has added $100m in equity and debt financing to its coffers, bringing its overall equity funding to $345m.

The online flower delivery service plans to now expand into Japan, after a $30m investment by conglomerate Yamasa that took its overall funding past $73m.

Just ahead of our third annual GCV Israel conference, we take a quick look at corporates’ interest in the rich venturing and innovation scene of Israel.

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

The cigarette producer has announced a second impairment charge in three months to a $12.8bn investment now valued at only $4.2bn.

The payment and shopping app developer has launched in Australia with the help of Commonwealth Bank of Australia, which raised its stake to 5.5%.

Sue Siegel, who featured on GCV's Powerlist five times from 2014 to 2019, has won the Lifetime Achievement Award 2020 for service to the venture and innovation ecosystem.