Services

Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.

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

Goldman Sachs-backed IT professional networking platform Spiceworks has agreed to be purchased by Ziff Davis, having raised $111m in funding.

Doxly has become the first exit for the IU Philanthropic Venture Fund after its acquisition by Litera Microsystems.

SoftBank-backed workspace provider We Company has filed for an initial public offering in which it reportedly expects to raise up to $4bn.

Legend Capital led a $14.2m round for cargo delivery services platform Yungehuo, which has earmarked the funding for further business expansion.

Rocket Internet-owned catering services provider Caterwings has paid an eight-figure sum for rival Lemoncat, which counted Rocket Internet as an investor.

The online query platform is now reportedly valued at $3.5bn, Kuaishou having led a round that included Baidu and existing investor Tencent.

GS Shop-backed real estate marketplace Propzy is seeking $25m to fund the launch of new services and enter new geographical markets.

Former Navitas Ventures head Tim Praill has agreed to lead the global team of law firm Ashurst's recently formed open innovation unit.