IT

The messaging platform has provided more than half the funding, with the rest coming from its investors, and aims to build up an ecosystem around its app.

SoftBank is winding down corporate venturing vehicle SoftBank Capital in favour of fewer, bigger investments as it looks to replicate its Alibaba investment.

VC firm 500 Startups is currently in the process of raising $200m for its fourth global fund, and could secure IT services provider Infosys as a limited partner.

Intel Capital fell short of the $600m target it set in September but will enter 2016 under new leadership with some promising IPO candidates.

Alphabet and Sungy Mobile are among the investors that have exited mobile analytics startup Quettra, which had raised $2.9m in seed funding.

Verizon contributed to a round that will help the mobile services company, also backed by Cisco, expand in Europe, South America, Africa and the Middle East.

There is still concern that those in corporate venturing are not adequately compensated. Three quarters of respondents to the latest J Thelander Consulting said their title and compensation structure failed to appropriately reward them. Jody Thelander is pictured.

Google restructured itself under a holding company called Alphabet, but its corporate venturing units continued to invest heavily in healthcare despite GV pulling the plug on its European fund.

Big data technology provider SnapLogic has added Microsoft to its shareholders as part of a $37.5m series E round that will support its global expansion efforts.