Services

R/GA-backed delivery fulfillment network Darkstore has raised $21m in a round led by venture fund EQT Ventures that took its total funding to $30m.

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

Recruitment portal Revelo has announced it raised $15m from investors including Seek for its latest round, following media reports placing its size slightly higher.

CapitalG-backed Airbnb, valued at $31bn as of 2017, has declared it plans to list its shares next year, and looks likely to choose a direct listing.

Tencent has recommitted to providing $150m for language tutoring platform VIPKid, having reportedly withdrawn from a verbal agreement to invest last month.

Recruit and Just Eat-backed TouchBistro has collected another $119m thanks to investors including strategic partners Barclays and JP Morgan Chase.

The early learning and childcare provider received $14.1m in a round co-led by corporate investor Ednovation.

Monthly analysis: July-August 2019

Three corporate venturing windfalls have resulted in three different strategies to maximise shareholder value over the long-term.

The Davidson Group was among the investors that have added $40m to flexible workspace provider CommonGrounds Workplace's series A round.

With innovation in technology fast outpacing traditional business processes, corporations are increasingly turning to investments as a way of adapting to change and staying ahead of the competition.