Financial

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

Sichuan Changhong Electric contributed to a $14.2m round that brought financial services-focused anti-fraud product developer Fudata's total funding to $39m.

The no-deposit tenancy platform has raised series A funding from investors including Adevinta that will support hiring and product development.

MDI Ventures and Rakuten Capital contributed to a $20m round for mobile payment technology producer QFPay, which has now raised at least $36.5m altogether.

The gold-based lending service has reeled in $30m in a round led by Bertelsmann India Investments that will support development of its platform.

Bertelsmann India Investments has returned to back online lending marketplace Lendingkart as part of a series D round that took its overall equity funding to at least $143m.

Insurance group MS&AD Holdings has boosted the size of its corporate venturing unit eight months after its launch, having reportedly made in excess of 20 investments.

Citi Ventures was among the investors in the series C round, which increased the bookkeeping software provider's overall funding to more than $100m.

Investment brokerage app developer has Dough received $20m from financial intelligence group and parent company Tastytrade ahead of a planned launch next month.

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.

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