Financial

Jenny Wu, a managing partner who helped set up Baidu Capital for internet group Baidu in 2016, departed at the end of 2018 to take up a chief investment officer role at New Hope Group.

Last-mile consumer goods delivery service provider DoorDash raised $400m, from SoftBank´s Vision Fund at a valuation of $7.1bn

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

RSP Blockchain Fund will make investments in startups raising financing through token issues rather than equity rounds, its first portfolio company being Beam Development.

Fintech developer Nivaura has closed its seed round at $20m after closing a third tranche, with the capital coming from investors including London Stock Exchange, Transamerica, Santander, Linklaters and Orrick.

Singapore’s sovereign wealth fund GIC has been revealed as a backer in corporate-backed Coinbase’s $300m series E round last October.

Visa has contributed to an $85m funding round in BillDesk, despite reports last year that suggested the corporate could provide as much as $300m.

Tencent-backed Futu has set its range at $10 to $12 and stands to raise a maximum of $150m, half of the $300m it had initially targeted.

FMO has led peer-to-peer lending platform Validus's $15.2m series B round, which included the corporate venturing arm of Siam Cement Group.

Tiger Brokers, an online brokerage service backed by Xiaomi, has filed for a $150m initial public offering on Nasdaq.

Innovative region: Germany