Services

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Online real estate platform 99.co raised $15.2m in a round that was co-led by Allianz X at a $75m post-money valuation, and plans to now expand in Southeast Asia.

Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.

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

Goldman Sachs-backed IT professional networking platform Spiceworks has agreed to be purchased by Ziff Davis, having raised $111m in funding.

Doxly has become the first exit for the IU Philanthropic Venture Fund after its acquisition by Litera Microsystems.

SoftBank-backed workspace provider We Company has filed for an initial public offering in which it reportedly expects to raise up to $4bn.

Legend Capital led a $14.2m round for cargo delivery services platform Yungehuo, which has earmarked the funding for further business expansion.

Rocket Internet-owned catering services provider Caterwings has paid an eight-figure sum for rival Lemoncat, which counted Rocket Internet as an investor.

The online query platform is now reportedly valued at $3.5bn, Kuaishou having led a round that included Baidu and existing investor Tencent.