Services

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.

The mental well-being and recruitment services provider has launched an investment vehicle that will provide up to $950,000 per deal.

Cash Capital portfolio company Standard Robots has secured fresh funds to enter new markets with its logistics robot offering.

Over the past four quarters, almost one of every four corporate investors seems to be new, even in lockdown.

JLL Spark returned to back a $15.9m round for the construction imaging technology developer, taking its overall funding to more than $33m.

Fortimo led a $17.8m round for the retail management technology provider, which will channel the funding into product development.