Consumer

Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.

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

BBG Ventures, the female-focused venture fund formed by AOL, has set a $50m target for its third fund, the first to feature additional LPs.

Mediaset’s Ad4Ventures has contributed to an $11.2m round for kitchenware e-commerce company Springlane, almost a year after fellow CVC unit Tengelmann Ventures sold its stake.

Diageo has acquired a majority share of non-alcoholic spirits provider Seedlip, building on an investment from its Distill Ventures accelerator in 2016.

Nike has paid an undisclosed amount for retail analytics software developer Celect, which had raised $30m from investors including NGP Partners.

Facebook provided $25m for the social commerce marketplace as part of a Naspers-led round that has been set to value it at up to $650m.

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.

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

The consumer rewards app developer is now valued at $1bn following a series D round of undisclosed size that was led by Koch Disruptive Technologies.