Services

Intel Capital modified its investment structure in 2016 and pledged to cut its portfolio by around 25% in the next five or six years while increasing its investment sizes.

The home improvement services platform took its overall funding to $20m in a Temasek-led round that included Qualcomm Ventures.

The China-based internet major romped ahead of rivals Alibaba and Baidu this year when it came to corporate venturing, investing in two billion-dollar deals and three more $500m+ rounds.

TAL Education, which co-led the tutoring services platform's $100m series C round late last year, has invested another $18m.

Optoro has now raised about $115m in equity financing after closing a series D round that included new investor UPS Strategic Enterprise Fund.

JD.com returned to invest in the electronics recycling service, having contributed to the $60m series C round it closed in 2015.

Alphabet subsidiary GV lost key figures Bill Maris and Rich Miner but Google Capital rebranded as CapitalG and ramped up the size of its investments.

Apartment rental marketplace operator QuintoAndar has raised $12.6m in a Qualcomm Ventures-backed round that lifted its overall funding to $20m.

Despite the departure of company president Nikesh Akora in June, SoftBank continued to invest big in Asian consumer internet and is set to close its $100bn Vision Fund soon.

Google-backed Symphony is targeting $200m in a round that will make it the latest company to carve out a place in the instant messaging unicorn club.

A regulatory filing indicates the Alphabet-backed short-term accommodation platform may issue another $153m worth of shares at a flat $30bn valuation.