Consumer

The latest note by data provider PitchBook found that, in the context of growth in corporate venture capital, the most active CVC arms it examines have shown a strong historical performance and corporate-backed portfolio companies have reaped benefits in the form of higher exit chances and lower bankruptcy rates

Innovative region: Switzerland

It has been a remarkable decade for innovation capital. More than $1 trillion of venture capital had been invested by the end of last year, according to data provider Pitchbook, driven by corporations engaging in more than half that total, according to GCV Analytics.

Sector Analysis: Information Technology

Monthly analysis: June 2019

Go-Jek has provided a $5m extension for Rebel Foods’ series D round, which currently stands at more than $20m but has a target size of up to $100m.

3D printing developer Carbon raised a new round reaching $260m and featuring corporate backers from different sectors.

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

Mindfulness app developer Calm has added $27m to its series B round, after receiving an initial $88m tranche from investors including CAA five months ago.

Xiaohongshu, an e-commerce platform backed by Alibaba and Tencent, is looking to add up to $500m in funding to its coffers from investors including SoftBank Vision Fund.

Grab has so far raised $4.8bn series H round, after Invesco chipped in $300m in addition to the funding provided by corporate investors like SoftBank Vision Fund, Microsoft, Toyota, Ping An and others since June last year.