Financial

Patrizia has paid an undisclosed amount to buy the real estate investment platform, whose investors included Aareal Bank and Berlin Hyp.

Insurance assessment platform Shenlanbao has received approximately $14.3m from Xiaomi and will put the cash toward expanding its range of services.

Just ahead of our third annual GCV Israel conference, we take a quick look at corporates’ interest in the rich venturing and innovation scene of Israel.

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

The payment and shopping app developer has launched in Australia with the help of Commonwealth Bank of Australia, which raised its stake to 5.5%.

Corporate units Axa Venture Partners, MassMutual Ventures and Transamerica Ventures all returned for a round that nearly trebled the insurance marketplace's overall funding.

Corporate investors Northwestern Mutual Future Ventures and Securian Ventures returned for a CMFG Ventures-backed round that boosted Gabi's overall funding to $39m.

Crédit Agricole is set to acquire a majority stake in portfolio company Linxo as fellow corporates Maif and Crédit Mutuel Arkéa exit.

Sue Siegel, who featured on GCV's Powerlist five times from 2014 to 2019, has won the Lifetime Achievement Award 2020 for service to the venture and innovation ecosystem.

BP and Occidental chipped into the first round for the data-commodity trading platform since it was formed through the merger of CBL Markets and Xpansiv.

The insurance software developer has now raised more than $33m in total, $15.2m coming in a new round featuring MS&AD Ventures.