Services

Verizon’s corporate venturing arm and Alarm.co helped Origin secure funding that will fund commercialisation of its the motion-sensing technology.

Academic answer provider Instasolv has agreed to be acquired by Vedantu eight months after receiving $2m in funding from the latter.

The food delivery service, a portfolio company of Ant Group, Info Edge and Delivery Hero, is now valued at $5.4bn ahead of a possible IPO in the coming months.

Salesforce and Bain & Company were among the investors in a round that valued the customer relations technology developer at $2.3bn.

The Rabobank-backed accounting software and marketplace provider was valued at about $244m in an investment by Lugard Road Capital.

Spacecraft manufacturer SpaceX reached a $74bn valuation, a more than sixfold increase on the $12bn it fetched when Google led a $1bn round in 2015.

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

SoftBank has thrown its weight behind edtech developer Descomplica by co-leading an $84.5m round with Invus Opportunities.

Bertelsmann India Investments has reinvested in the logistics software provider having co-led its series C round nine months ago.

Unacademy has acquired a majority stake in the professional networking platform, providing an exit for Paytm.

Several financial services firms have contributed to a $25.5m round for the contract review technology developer.