Services

Outdoor advertising firm Focus Media plans to launch four $75m corporate venturing partnerships to invest in internet, technology, entertainment, education and travel technology.

Bertelsmann India Investments has led a $16.6m round for the budget hotel chain operator, sized lower than the rumoured $20m to $25m reported earlier this month.

Sega Sammy and Septeni have supported KK Fund's second vehicle, which will focus on early-stage startups across Southeast Asia, Taiwan and Hong Kong.

The office space leasing service, a spinout from 58.com, raised the money in a round backed by Joy Capital and Northern Light Venture Capital.

Ability Logistics invested as part of the Goldman Sachs-led series B round, which increased the trucking services startup's overall funding to $14m.

Global Fashion Group's latest funding makes it one of several Rocket entities to have raised cash this year, but they will need to stem losses before the money tap turns off.

A survey found a 16 percentage point rise in the number of Brazilian corporations investing in startups.

Pfizer has leapt to the top of the most active corporate venturing investors in US healthcare deals for the first half of 2016, as Novartis falls out of the top 10.

The Bloomberg-sponsored VC firm has closed its second $75m fund, three years after its first, and will continue to target startups focusing on the future of work.

The e-commerce services provider has added the telecom group to a range of backers including Sinar Mas, Sumitomo, Asia Pacific Digital, NTT Docomo and CyberAgent.