Services

US-based business finance provider Kabbage, which has a host of corporates as backers, will be acquired by payment processing firm American Express.

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

Alphabet, Salesforce and Twilio have exited the peer-to-peer messaging platform, which has been purchased by another of its investors, Social Capital.

Alphabet-backed short-term accommodation portal Airbnb has confidentially filed to go public, having raised money at a $26bn valuation in April.

Intel Capital has returned to take part in the online marketing technology developer's latest round, seven years after backing its series B.

Honeywell has returned for the warehouse robotics system developer's latest round, having previously contributed to a $25m series B round together with Comcast.

The real estate group terminated the activities of its corporate venture capital fund last year having backed six portfolio companies.

Insurer NRMA returned to help the carbon-neutral courier service raise $13.7m to increase its overall funding to roughly $34m.

Yahoo Japan has exited the customer intelligence software provider in an acquisition of undisclosed size by TransUnion following more than $78m in funding.

Hearst Ventures participated in an eight-figure round for the design services marketplace late last year having led its series B in 2018.

The e-commerce platform operator’s $14.4m round came a month after an undisclosed amount from Ant Financial’s Invention Capital vehicle.