Consumer

FinUp has returned to lead a $70m series C round for Akulaku, whose other existing shareholders reportedly include Legend Capital.

Prosiebensat.1's SevenVentures unit joined fellow existing investors Vattenfall and Rocket Internet to invest $11.3m in smart home product supplier Tink.

The smart garden technology developer has reeled in $11m to fuel international growth in a round featuring Ikea parent Ingka Group and Groupe SEB subsidiary SEB Alliance

Japanese entertainment producer Sega Sammy has assembled a $20m fund that will be managed by existing partner Fenox Venture Capital.

Rogue Venture Partners, whose largest limited partner is Oregon State University, has led a $3.7m funding round for Lensabl.

Grocery e-commerce platform Grofers is in talks to raise $100m to $150m in a SoftBank Vision Fund-led round that could value it at up to $650m.

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.