Consumer

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.

Robert Bosch's BSH subsidiary has joined Techstars to form a home technology accelerator that will welcome 10 startups into its first cohort.

Monoqi, the furniture e-commerce platform formerly backed by Advance Publications, has been bought by Decovry for an undisclosed sum.

Iwasaki Gakuen and several banks have contributed to the second close of Sony and Daiwa's joint fund, which had raised $145m of a targeted $185m as of last month.

The classified listings operator, whose earlier investments include Zomato and ETechAces, has formed its first dedicated corporate venture capital fund.

Ahead of our record-breaking GCV Innovation Summit in California this week, we are offering an excerpt from our latest World of Corporate Venturing 2020, analysing data from 2019 and the past decade, where we have combined data from GCV Analytics and data provider PitchBook.

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

Ingka-backed interior design services marketplace Livspace has increased its latest round to $60m, with a close of up to $100m expected next month.

Venture capital fund Big Idea Ventures has hired former GCV Rising Star and Tyson Ventures CFO Tom Mastrobuoni as a venture partner.