Services

Home Depot has taken part in a $37m series C round, which increased the UPS-backed courier service's overall funding to $62m.

Ian Folau, a co-founder and former CEO of GitLinks, has been hired by the recently launched LMI Ventures as a managing director.

Innovative region: Germany

The fourth annual Global Corporate Venturing & Innovation (GCVI) Summit in Monterey, California on Wednesday and Thursday, January 30-31 by reporters Kaloyan Andonov, Edison Fu and Thierry Heles

Sector focus: Services

This is our data snapshot based on last month’s investment activity. The charts and tables have been generated by our data platform GCV Analytics.

Palo Alto Networks agreed to buy cybersecurity orchestration platform Demisto for a mixture of cash and stock, highlighting the potential of the vibrant cybersecurity space

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

Cargo shipping services platform Flexport is now valued at $3.2bn following a $1bn round led by SoftBank Vision Fund that will go to technology development and hiring.

The last-mile consumer goods delivery service has almost quadrupled its valuation in under a year, as SoftBank Vision Fund returned for a $400m round.

University of Michigan will supply an initial $2.75m in funding to MemryX, Ripple Science, GreenMark Biomedical, and Give and Take, and could invest as much as $20m altogether.