IT

GE Ventures has divested stakes in 16 companies including Carbon, Desktop Metal and Proterra to venture firm 40 North Ventures.

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

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Tech Launch Arizona has crossed the milestone of 100 spinouts in its portfolio after achieving a new annual record in the 2019-2020 fiscal year.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

E-commerce software startup Shushi has received approximately $14.3m from Tencent Investment through an angel round.

The accounting platform operator’s investment subsidiary has unveiled Hirac Fund’s $11.7m initial close with multiple corporate LPs on its way to a $29m ceiling.

SmartX, a data storage virtualisation business that counts Samsung and Lenovo as shareholders, has announced series B-plus and C funding to expand its product offering.

YJ Capital and East Ventures’ joint accelerator scheme has opened the application period for a new batch of innovative startups.

Existing backer Hughes Network Systems has committed $50m to join Bharti Enterprises and the UK government in acquiring the bankrupt satellite internet services provider.

Industrial Growth Platform led the consulting company’s $23.7m maiden round, investing alongside backers including Change, Dentsu, Marshmallow and The Guild.