Consumer

Fashion e-commerce marketplace Spring had raised more than $97m from investors including GV, and has been bought for an undisclosed sum.

Majid Al Futtaim took part in the round in connection with a partnership agreement that will involve Wadi becoming its grocery delivery partner.

Naspers, which has had some substantial success with its overseas investments, will fund South African startups through the Naspers Foundry from 2019.

Nova University Lisbon has established chemicals producer Des Solutio with the support of Frontier IP, making it the second spinout launched in Portugal by the commercialisation firm.

Brazil-based fintech companies have been on the news in recent times, showing the potential of the South American country’s ecosystem.

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

Aikucun has added $110m in series B-plus funding to its coffers, just three months after raising $87.5m in a Legend Capital-led series B round.

Media holding company WndrCo is among the investors in a series A round that helped eSports and lifestyle brand 100 Thieves take its total funding to $25m.

Scythian Biosciences is investing $88m directly in Verano and will sell its subsidiary 3 Boys Farm to the cannabis producer in return for another $100m worth of shares.

August Capital led a $40m funding round for e-commerce network Shoprunner that came four years after a reported $206m round led by Alibaba.

Tengelmann-backed Emil Capital will exit meal kit service Chefs Plate in an acquisition by HelloFresh sized in the mid-eight figures.