Consumer

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.

SoftBank Ventures Asia and Singtel Innov8 were among the investors in the $90m round, which closed alongside Carro’s acquisition of e-commerce marketplace Jualo.

The Legend Capital-backed cross-border fashion e-commerce platform has raised a $65m commitment from Group 42 in a series C-plus round.

GCV Powerlist member Gen Tsuchikawa on Sony and Daiwa Capital Holdings’ new investment vehicle.

Kreatif Media Karya took part in a $19m extension to a series C round already featuring CapitalG, Dentsu and Bennett, Coleman & Co, boosting CarDekho's total funding to about $200m.

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

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

The food delivery platform, which has expanded significantly this year, is reportedly close to pulling in $350m or more from Naspers as part of a round valuing it at $4bn.

General Atlantic has led a series H round reportedly sized at $300m that boosted the post-money valuation of Legend Capital-backed Wish up to $11.2bn.