Services

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.

GCV Emerging Leader Daniel Malandrin has departed from InovaBra Ventures’ parent firm to help one of its portfolio companies, Semantix, form a corporate venturing vehicle.

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

Prefab home provider Veev confirmed it has raised a total of $85m in equity funding from investors including Lennar Ventures, on top of $12m in debt financing.

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

The hubless delivery service has now secured approximately $90m altogether, with GLP Capital Partners co-leading its series B round.

CRM app developer Vlocity had received $163m from investors including Salesforce itself as well as fellow corporates New York Life and Accenture.

The field service management software provider raised $80m in a round co-led by Salesforce Ventures and majority shareholder Silver Lake.

Nvidia, Intel and others are piling innovation resources into AI-specialised chip architectures amid heightened risk of competition from Chinese vendors

Venture capital firm Grove Ventures has closed its Grove II fund at $120m that includes a $10m investment from Schneider Electric.

Oncology therapy developer Revolution Medicines went public giving an exit to pharmaceutical company Sanofi.