Services

Sector report: Services

Workday Ventures has lost its vice-president of investments, Brittany Skoda, less than two years after she joined the corporate venturing unit from Goldman Sachs.

The Global Corporate Venturing and Innovation Summit 2020 in Monterey, California, brought together more than 800 corporate venturing leaders from corporations representing about $10 trillion in annual revenues.

The Alphabet-backed restaurant management platform developer's series F round valued it at $4.9bn and it has now received more than $900m in funding altogether.

The online tutoring platform has added $24m to a round featuring TAL Education that now totals $66m, as it prepares to expand into younger age groups.

Indoor positioning technology producer Devawave was acquired by Qorvo reportedly for $400m, giving an exit to LG and ST Electronics

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

Takuya Hosomura, previously a senior manager at Rakuten Capital, has joined fellow corporate venturing vehicle Salesforce Ventures as a principal.

Existing backers Mynavi and Link and Motivation were among the investors that backed a $41.4m round for the recruitment service provider.

Frog will take equity in future Tuesday Capital portfolio companies in return for providing design services, building on an existing partnership between the pair.

Infosys has agreed to pay $250m for sales services provider Simplus, which had raised more than $40m in funding from backers including Salesforce Ventures.