Services

Sunshine Insurance intends to set up a $142m industrial investment fund with student services provider AW having led its $28.3m series B funding.

Wells Fargo led a $41.5m round for the tech-equipped property manager that included existing backers Canaan Partners, Lightspeed Venture Partners and Jackson Square Ventures.

The Lithia Motors, BMW and Alliance Ventures-backed automotive e-commerce marketplace is set to go public through a reverse merger with Insurance Acquisition.

The BCC, Naspers and Tencent-backed online education provider has reportedly pushed its valuation to $10.5bn following a sub-$100m investment from Bond.

The hospitality data software provider received series B cash from Providence Strategic Growth to add to earlier funding from backers including Comcast and Amazon.

Salesforce Ventures and returning investor Slack Fund helped the virtual event provider add series A funding to the seed round it closed four months ago.

SoftBank Vision Fund made its first investment in Baidu's online education spinoff as part of a series E round reportedly set to value it at $6.5bn pre-money.

Mastercard will buy financial data technology provider Finicity in a deal that could reach $985m, giving Experian an exit. This is yet another large exits in this space this year after the acquisitions of Plaid and Credit Karma earlier.

The corporates are extending a partnership that stretches back to their investment in recruitment startup TalentEx two years ago.

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

The short-term apartment provider raised the funding at a $1.3bn valuation and is seeking another $30m to close the round at $200m.