Financial

Special report: Agtech

The third annual Global Corporate Venturing Israel conference took place in Tel Aviv on February 11 in partnership with local corporate innovation advisory firm Axis Innovation.

Sector analysis: Industrial

Wipro Ventures exited email security software developer Emailage, when it was acquired by LexisNexis Risk Solutions. The sizeable deal is part of the wider cybersecurity space which has been popular over recent years.

The Tencent, Bank Central Asia and Mastercard-backed cross-border remittance service is seeking series D funding and is in talks with an unnamed financial services firm to lead the round.

Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.

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

Personalised finance management service Albert secured $50m in a CapitalG-led round that included fellow corporate venturing vehicle American Express Ventures.

The wages advance service has been acquired by working capital financing supplier Greensill after raising $2.5m from investors including NAB in early 2019.

Expense management software provider Fenbeitong has closed a series B-plus round co-led by Fidelity's Eight Roads firm, pushing its total funding to more than $58m.

Alphabet’s self-driving car developer Waymo raised its first external funding in a round backed by its parent company and two other corporates.