Consumer

TripAdvisor led Traxo's latest round, which will be used to expand the itinerary services provider's technology, sales and marketing.

The organic tampon provider, which has raised $10m in 2016, secured funding from investors including the AOL-backed BBG Ventures.

Several universities are among the limited partners for the venture firm's latest fund, which is expected to close at $175m.

A paper by corporate venturing unit Telstra Ventures suggests the most effective ways for corporates to invest, and predicts they will make up 35% of venture capital investment by 2025.

FoodPanda backer Rocket Internet will increase its stake in another food delivery platform, Delivery Hero, to almost 38% through the acquisition.

A round up of all the latest news on www.globalcorporateventuring.com for our subscribers.

Mattel, Houghton Mifflin Harcourt, JF Shea and Collab+Sesame have contributed to a $24m funding round for internet-connected toy maker Osmo.

The company will conduct a reverse merger with its shareholder Nevada Iron to float on the Australian Stock Exchange.

Corporate-backed photo app developer Meitu is set to raise $629m in its initial public offering, down from a $1bn target in August and a $800m goal last month.