Services

Channel 4’s corporate venturing unit has joined earlier backers Sistema and Yandex to become a shareholder of the educational resources provider.

Alibaba and American Express are set to exit the subscription-based e-commerce platform, which had been valued at $600m in 2013.

The appliance and electronics retailer has spun off an e-commerce and retail services arm with external funding valuing it at $3.8bn.

The series C round was led by SoftBank Vision Fund 2 and backed by GLP Capital Partners, GV and Volvo Group Venture Capital at a $500m valuation.

Everyday Network has exited apartment manager BestBond in an acquisition of undisclosed size by SoftBank-backed Ziroom.

The business management software provider's Zhongnan Capital-backed series D round lifted its overall funding to about $165m.

Q&A with Tarik Galijasevic, managing director, ASV

GoodWorker has put up $33.8m to help fund the newly launched company’s plans to help migrant workers in India find employment.

Empower Education Online has pulled in $265m through a round that included Tencent and SIG, its earlier backers including New Oriental, TAL Education Group and ATA.

Property engine developer Homesnap agreed to a $250m cash acquisition by Real estate data provider CoStar Group. This is a notable exit in the space in which corporates have been actively investing over the past five years but there have not been many exits.

The Maif Avenir-backed home improvement services marketplace will join a number of home improvement brands owned by Kingfisher, with its founder retaining a significant stake.