Services

Amdocs has paid an undisclosed amount for the telecommunications software producer, which had raised at least $55m from investors including Nippon Steel.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

The mentor-equipped education provider took its total funding to more than $53m in a Telstra Ventures-led round featuring existing investor Pearson Ventures.

Hubert Burda was among the returning investors in round that boosted the online learning service's overall funding to $108m.

Dentsu Innovation Partners, Japan Post Capital, FFG Venture Business Partners, Serverworks, Shimane Central Shinkin Bank and Skylight Consulting all took part in a $39.8m round for the digital product developer.

The number of corporate-backed companies going public declined in 2019, despite some major IPOs like those of Uber, Lyft and Slack.

Human resources provider DIP’s Gakucelerator has chosen four student-run startups for its latest batch and will provide up to $940,000 between them.

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

A consortium of 15 startups were chosen to take part in the first edition of the internet technology group’s regional accelerator scheme, which will run until November this year.

The diversified group has teamed up with asset manager Alan AMC for an investment vehicle with a $1.43bn ceiling, targeting culture and sports startups.

Norinchukin Bank has led the cloud-based key system startup’s latest round, which included Globis Capital Partners, Line Ventures, 31Ventures, BSP, NTT Docomo Ventures and Joyo Industrial Research.