Sectors

Brandon Gath, previously head of corporate development at Kraken, has been made general partner of Kraken Ventures.

Chris Chai and Peter Van Vlasselaer, both former executives at SR One portfolio companies, have been hired by the GSK-backed VC firm as venture partners.

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

The stealthy consumer device startup took its total funding to $22m in just four months, with Alphabet unit GV leading its series A round.

The Petco-backed pet services provider is set to be valued at about $1.6bn in a deal that will involve it listing on the Nasdaq Capital Market.

The financial services and insurance group had initially earmarked about $100m for strategic investments in 2017 and has since backed 25 companies.

Alphabet's GV unit and Huami both took part as the portable MRI device developer completed an oversubscribed series D round.

Marubeni Ventures helped the online fresh food supplier push its overall funding past the $240m mark as it looks to expand further across the United States.

A round up of the week's new fund and incbuator launches.

The Lepu-backed genetic cancer therapy developer has completed a $94.9m round co-led by CICC Capital, Share Capital, Vertex Ventures China and Qianhai FOF.

Cleva Pharma Capital backed a series C round that will support the clinical progress of drug candidates for sensorineural hearing loss and multiple sclerosis.