Telecoms

The company priced an upsized IPO nearly doubling its valuation six months ago. It is part of a the food delivery space which was given a boost by the pandemic.

Q&A with Irene Gómez, director, Telefónica Connected Open Innovation

Cloud-based enterprise software producer Salesforce agreed to acquire Slack, the US-based publicly listed communication platform which previously counted telecoms firm SoftBank, internet conglomerate Alphabet and media group Comcast among its backers.

Qamcom Research and Technology took part in a series A round set to accelerate low orbit satellite operator Totum Labs' deployment and commercialisation plans.

Property engine developer Homesnap agreed to a $250m cash acquisition by Real estate data provider CoStar Group. This is a notable exit in the space in which corporates have been actively investing over the past five years but there have not been many exits.

Marketing and imaging software producer Adobe agreed to acquire US-based work management software provider Workfront in a $1.5bn deal, giving quantitative trading firm Susquehanna International Group (SIG) an exit.

Monthly report: October 2020

Innovative region: Brazil

Sector challenged amid fintech disruption

The unit, which oversees a portfolio including NextDoor, Pony.ai, Bird and Hippo, will operate as part of Comcast's business development division.

IQM Quantum Computers, a Finland-based quantum computing spinout of Aalto University and VTT Technical Research Centre, attracted a €39m ($46m) series A round from investors, including internet group Tencent.