Services

SafeGuard Cyber has raised $45m in a Cisco-backed debt and equity round while Pine Labs has paid the same amount to buy portfolio company Fave.

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

AVP Growth Fund II has secured half of its targeted close and will back early to late growth-stage developers of fintech, healthtech, insurtech and enterprise software.

Orbia Ventures led a round for the battery production technology provider that emerged out of Worcester Polytechnic Institute.

The property service platform is set to list in Hong Kong, handing exits to 58.com, Agile, Chinachem, CSC Land, Country Garden, Henderson, NWD, SHKP, Tencent and Times Property.

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.

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

Lego Ventures has exited the student portfolio platform developer through an acquisition by recently funded Higher Ground Education.

The Axa-backed talent recruitment platform developer has secured funding in a series D round led by B Capital Group at a $1.3bn valuation.

Delivery Hero-backed DX Ventures took part in a new financing round for the employee training technology developer, which has set its sights on expansion.

Quiet Logistics contributed to a round that pushed the total raised by the last-mile delivery service past the $35m mark.