Services

Reinventure and Mitsubishi Estate took part in a Burda Principal Investments-led round that will enable Hmlet to open additional co-living spaces in Australasia.

The CapitalG-backed local services portal is now valued at $1.7bn having nabbed $150m in a round led by Sequoia Capital that took its total funding to more than $420m.

Next47 and Scania Growth Capital both took part in the Lakestar-led round, which reportedly valued the logistics software provider at about $300m.

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

Lianjias's online real estate brokerage spinoff has secured $1.2bn at a reported $9.5bn valuation, with Tencent leading the round.

CEO Adam Neumann has divested a total of $700m in shares of SoftBank-backed co-working space provider The We Company to undisclosed buyers.

Hellobike is talks to raise $400m in an Ant Financial-led round that could increase the bicycle rental platform's valuation to $5bn.

Prosegur has backed the $73m first close of Adara Ventures III, which will focus on deep technology developers in the business-to-business space.

Blackstone will purchase the advertising platform Vungle in a deal giving exits to corporates Alphabet and Verizon.

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

TR Ignite will target Asia Pacific-based legal and regulatory technology startups, investing up to $250,000 in each successful applicant.