IT

The telecoms firm SoftBank has backed a substantial $300m round of gym membership provider Gympass, which is part of the beauty and fitness space, which has seen stable corporate-backed deal flow with rising valuations in recent years.

Naspers has returned to reinvest in geolocation technology developer In Loco as part of a $20m round led by Valor Capital Group.

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

Swisscom Ventures has backed crypto asset security company Fireblocks, which emerged from stealth with a secure digtal-asset management platform.

Social commerce marketplace Meesho has secured a reported $25m from Facebook to take its total funding to about $90m.

CMU's Edge Case Research has raised capital from Ansys, Lockheed Martin and Liberty Mutual to use AI for solving complex safety issues in autonomous technologies.

The cybersecurity risk-scoring platform developer has increased its total funding to $110m with the series D round, which featured Intel Capital and Axa Ventures.

General Electric had considered spinning out its corporate venturing operation, but has now shifted its focus to finding a buyer for a portfolio consisting of stakes in more than 100 companies.

Invengo has joined Shenzhen HTI Venture Capital to launch a fund aligned with its IoT business that is initially aiming to raise about $43m on the way to a $145m targeted close.

Spinouts are in line to receive a share of the government funding to advance quantum applications spanning computing, imaging, sensors and communications.

SoftBank, Lam Research, Lockheed Martin and Micron all featured in Mythic's $30m series B1 round, which brought the AI microchip maker's total series B intake to $70m.