Services

SBI Investment, Sumitomo Mitsui Trust Investment and Shinsei Corporate Investment chipped in to help take the funeral services provider's total funding to nearly $31m.

Existing backer Seek returned for a $16.8m round led by IFC that will support technology development and international growth.

Logistics service provider ElasticRun is in talks with the corporate to raise $50m to $55m in a round that would value it at about $250m.

The home services platform increased its overall funding to nearly $30m in a series B round that included Ferguson Enterprises, Liberty Mutual, The Hartford and State Farm.

The online coding course company banked $21m in a round led by New Oriental Group that included Oceanwide Holdings and Baicizhan.

Solar system provider Bboxx completed a round led by Mitsubishi. This year we have seen a revival of corporate-backed deals in the solar energy tech space, which registered a slowdown last year.

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

The insurance analytics platform, incubated by insurer ZhongAn, has raised cash from Sequoia Capital China and Kuanping Capital.

Existing backer Tencent has reportedly pulled out of a $150m contribution to a round that would have valued the online teaching service at $4.5bn, due to regulatory concerns.

TAL Education helped boost the tutoring platform operator’s overall equity and debt financing to more than $59m, having previously invested $5m in November.

The corporate has picked up a 57% stake in SoftBank-backed professional social network Dajie for just over $50m in cash and shares.