Services

The Alphabet-backed short-term accommodation portal has internally trimmed its valuation from $31bn amidst Covid-19 restrictions as it fields investor interest.

Galijasevic predicts collaborations among corporate VCs and startups will only accelerate as they look to innovative technologies to address customer needs during tumultuous times.

Early investors and employees were set to benefit from a $3bn tender offer for the troubled workspace provider but key investor SoftBank has pulled out.

The construction equipment rental service raised $15m in an Itochu-led round that will finance strategic merger and acquisition deals.

58.com and its 58 Aifang subsidiary invested $70.5m and will help the online real estate marketplace expand its services and grow throughout southwestern China.

The online education provider pushed its total funding past $1.5bn in a round co-led by Tencent that valued it at $7.8bn.

SiE Consulting was among the existing backers that joined Sequoia China for a $14.1m round that doubled the IT procurement startup's total funding.

YJ Capital returned to reinvest in a $13.9m round for the laundry app developer alongside Globis Capital Partners and Raksul.

Amid a nearly global lockdown and much apprehension around the Covid-19 pandemic, we reported two interesting deals in the mobility space last month.

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