Services

Aviation Industry Corporation of China invested in the industrial internet-of-things satellite operator Commsat's latest round to bring its overall funding to $68.2m.

Customer communications technology provider Kustomer has acquired chatbot developer Reply, handing exits to Aflac, R/GA and Westfield.

Intel Capital has invested at least $132m in 12 companies so far this year and is on its way to putting between $300m and $500m into startups by the end of 2020.

M12 has co-led a $30m series B round that also featured existing shareholder Comcast Ventures and will allow FortressIQ to help clients navigate the current economic climate.

Axa Venture Partners has swung behind Zenjob for a $30m series C round that will enable the recruitment platform to build out its market share in Germany.

The JD.com and Walmart-backed company is expected to raise as much as $500m in proceeds when it lists on the Nasdaq Global Select Market.

WeFit and Leflair are among the corporate-backed companies that have shut down amid Covid-19 closures.

Alphabet has contributed to a $400m for Sidewalk Infrastructure Partners, a spinoff from the conglomerate’s smart cities technology subsidiary Sidewalk Labs.

Sales engagement software provider Groove has raised funding from a consortium that includes one of its customers, Capital One.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

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