Services

Salesforce Ventures is set to exit the MuleSoft consultancy in an acqusition by Capgemini less than six months after it invested.

MassMutual Ventures backed LinkSquares in a round which brought the language analysis software developer’s total funding to more than $21m.

The Ping An subsidiary is providing strategic assistance to portfolio companies during the Covid-19 pandemic, though managing director Lacey cautioned that startups with high burn rates are facing high risk.

The corporate has a 44% stake in growth equity fund AP Ventures, which plans to invest more than $30m in a total of five or six portfolio companies.

The Alphabet-backed online accommodation platform is reportedly speaking to investors about new funding despite the coronavirus effect.

Juniper Networks and Cox have backed a sizeable series B round for edge and cloud computing tech developer StackPath.

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

Tencent is reportedly set to co-lead a round for online education platform Yuanfudao with an original target size of $1bn and a rumoured $7.5bn valuation.

Shanghai Jin Jiang and Legend Capital could hypothetically lose out, after a letter from SoftBank raised doubts over an agreed $3bn share tender.

Meituan Dianping's budget hotel spinoff has secured an eight-figure dollar sum, in a round co-led by Sofina Group and GGV Capital.

Prepared by researchers from the Washington University, St Louis on behalf of The Yield Lab, sponsored by Rabo Strategic Ventures