Services

Intel Capital has invested at least $132m in 12 companies so far this year and is on its way to putting between $300m and $500m into startups by the end of 2020.

M12 has co-led a $30m series B round that also featured existing shareholder Comcast Ventures and will allow FortressIQ to help clients navigate the current economic climate.

Axa Venture Partners has swung behind Zenjob for a $30m series C round that will enable the recruitment platform to build out its market share in Germany.

The JD.com and Walmart-backed company is expected to raise as much as $500m in proceeds when it lists on the Nasdaq Global Select Market.

WeFit and Leflair are among the corporate-backed companies that have shut down amid Covid-19 closures.

Alphabet has contributed to a $400m for Sidewalk Infrastructure Partners, a spinoff from the conglomerate’s smart cities technology subsidiary Sidewalk Labs.

Sales engagement software provider Groove has raised funding from a consortium that includes one of its customers, Capital One.

The SoftBank Vision Fund I, the $100bn investment vehicle of telecoms conglomerate SoftBank, and VC firm Sequoia Capital China have committed an additional $200m to China-based automotive e-commerce platform Chehaoduo, bringing its series D round to $1.7bn

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

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

The marketing agency has partnered its ISID subsidiary to form a new open innovation arm in Silicon Valley, appointing Dentsu Ventures’ Yu Hirayama to manage the initiative.