Sectors

SAIC Hengxu participated in a $14.7m round for semiconductor technology developer Shanghai ChipOn Microelectronics Technology.

Stripe has led a $12m round for online payment software provider PayMongo follwing a seed round in mid-2019.

Real Web has led a $12m equity and debt round for automotive marketing technology developer MotorK.

ATI Boeing Accelerator, which was co-founded by Boeing, has welcomed Rolls-Royce to its list of partners.

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

University of Milan spinout Wise is a developer of low-invasive neuromodulation implants for treating pain and neurological disorders.

Volkswagen has co-led a $600m round for Northvolt together with Baillie Gifford and Goldman Sachs, while Scania also returned.

Existing shareholder SoftBank has doubled down on its commitment to VTex by backing a $225m series D round that pushed the retail management platform’s valuation to $1.7bn.

Ayala has anchored the fund, while Globe Telecom also invested and helped push the fund past its original $150m target to make it the Philippines’ largest vehicle to date.

Sophia Genetics has added Hitachi to its list of shareholders following a $110m series F round that also included returning backer Swisscom.

Joyson Electronics has farmed out a stake in its smart driving subsidiary Joy Next to investors including Baofeng Energy and Ningbo Gaofa Automotive Control System.