Financial

Tencent was among the returning backers in a TCV-led series F round that came after discussions with SoftBank about leading a $1bn round fell through.

The big data and AI-powered automotive financing platform has secured funding in a round co-led by JD Digits and Tencent, which took part alongside Bertelsmann Asia Investments.

Since the beginning of 2018, a fifth of all corporate investors whose deals we track appear to be newcomers.

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

Standard Industries and existing investors Comcast Ventures, Lennar and Propel Venture Partners all contributed to a series D round that boosted the online insurer's total funding to $209m.

CaixaBank, Global Payments and Ingenico have come together to devise the Spain-based accelerator, which will target e-commerce and fintech startups.

Zeta has netted an amount from Sodexo Benefits and Rewards reported to be below $60m, at a valuation confirmed by the card-issuing technology provider to be $300m.

State-run Bank Negara Indonesia is planning to launch a corporate venture capital fund to invest up to $50m in fintech startups including mobile wallet provider Finarya.

BBVA has returned to contribute to a $62m funding round that valued the digital bank at about $660m, and the capital will support hiring and technology investment.

Nippon Life's corporate venturing unit has selected the 10 startups that will make up accelerator 50M’s second batch.

Sinar Mas and DKSH returned to supply funding to e-commerce services provider aCommerce, in a round that brought its overall funding to roughly $120m.