Consumer

Intel Capital modified its investment structure in 2016 and pledged to cut its portfolio by around 25% in the next five or six years while increasing its investment sizes.

The China-based internet major romped ahead of rivals Alibaba and Baidu this year when it came to corporate venturing, investing in two billion-dollar deals and three more $500m+ rounds.

Alphabet subsidiary GV lost key figures Bill Maris and Rich Miner but Google Capital rebranded as CapitalG and ramped up the size of its investments.

Bailie Gifford and an undisclosed second investor supplied the capital at a flat valuation, taking the Rocket Internet-backed company's total funding to about $365m.

Despite the departure of company president Nikesh Akora in June, SoftBank continued to invest big in Asian consumer internet and is set to close its $100bn Vision Fund soon.

Everbright-IDG Industrial Fund has announced its first investment, supplying $72m in funding to mobile commerce platform and IDG Capital portfolio company Daling.

Google-backed Symphony is targeting $200m in a round that will make it the latest company to carve out a place in the instant messaging unicorn club.

Vorwek-backed travel accessory manufacturer Horizn Studios has raised several million dollars in its series A round to expand internationally, beginning with the UK.

Corporate venturing units Comcast Ventures and BBG Ventures have contributed to a round just confirmed by online wedding registry Zola.