Services

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.

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

Sagawa Express, Japan Post and CRE have invested in a $11.7m series B round for the logistics platform developer that was led by Softbank.

Glovo, which counts several corporates as investors, has entered discussions with Uber and Deliveroo over a possible acquisition, while SoftBank could potentially provide equity funding.

HashPort Accelerator will help international entrepreneurs to enter the Japanese market, assisting them with fundraising and localisation.

Rounds above $100m tend to be raised by companies based in the US and China. Last year we saw a record number of corporate-backed rounds.

Each Friday 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.

Sony and JA Mitsui helped provide $15.8m for the Daiwa House-backed logistics technology developer to enhance its AI and robotics-powered supply chain and e-commerce technology.

The co-working space network increased the overall size of its series B round to approximately $14.5m, following two tranches – one of which was backed by Zhuhai Da Heng Qin.

Enterprise sustainability software developer Thinkstep has been bought by risk management consultancy Sphera after raising more than $23m from investors including Siemens.