Consumer

Tencent made a significant cash commitment by leading a round raised by online social forum Reddit at $3bn post-money valuation

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

Comcast and Grace Beauty-backed interactive exercise platform Peloton Interactive is interviewing banks for an offering slated for the second half of 2019.

Kaust is preparing for the third phase of its Taqadam startup accelerator, which is supported by a host of Saudi Arabian academic institutions and claims to have achieved a 35% female participation rate.

UAEpreneurs will operate with support from University of Manchester’s Middle East Centre in Dubai, providing 10 mainly digital-focused startups the opportunity to raise $50,000 to $250,000 in capital.

The SoftBank-backed food delivery service is seeking funding at a valuation above $6bn, having already raised $785m in the past year.

The fashion e-commerce platform is reportedly valued at $970m following a series D round featuring existing corporate investor Burda Principal Investments.

Match Group, which acquired a 51% stake in CAA-backed dating app Hinge last summer, has purchased the remaining shares in the business.

Xiaomi-backed smart toothbrush producer Soocas Shenzhen Technology has received almost $30m from investors including Fosun-founded Kinzon Capital.

We examine some co-investment patterns among corporate venturers we have been tracking since 2011.