Services

DreamIt has introduced the 12 graduates of its three month incubator at the DreamIt Demo Day in New York yesterday.

OPT plans to invest in adtech, edtech, e-commerce and cloud services start-ups over three years as it grows its portfolio to 100 companies.

The hospitality marketplace, backed by Crunchfund and DST Global, reportedly closed the round at a $10bn valuation.

Thee months after making its first venture investment, Bauer is following the lead of competitor Axel Springer by launching a dedicated fund that will focus on software.

Bertelsmann's Asian corporate venturing fund has exited online education company Chuanke.com after it was bought by Baidu.

The acquisition of China-based digital map service AutoNavi for $1.5bn by Alibaba, secured the biggest corporate venturing exit of the quarter, after Alibaba had previously owned a 28% stake in the company.

There were 456 investments in corporate venturing-backed companies worth $14bn, a sharp rise over the 246 investments worth $5.8bn in the first quarter. There were also 38 exits worth $9.7bn, which was a dramatic rise against the 21 exits worth $5.4bn in the first quarter.

As well as investing in the biggest investments, Alibaba also secured the biggest exits, after it acquired China based digital map service AutoNavi for $1.5bn, having earlier backed it. Alibaba was also a big investor in China-based microblogging platform Weibo, which raised $285.6m in an initial public offering (IPO).