Transport

Telecoms are the connecting tissue of today’s digitised world

Data management software provider Snowflake, which counts Salesforce among its backers, has gone public and its price doubled on the first day of trading.

A Zhejiang University subsidiary has supplied funding to space tech startup Space Pioneer, which has raised at least $29.6m in six months.

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

The electric vehicle producer received $73.1m from SAIC's parent company as it reportedly mulls an initial public offering that could value it at $4.3bn.

Accor Group, Groupe Monnoyeur and Thélem Assurances have all backed marine hydrogen generator and fuel business EODev, an offshoot of Energy Observer.

SoftBank emerged in the news last week with its sizeable bets in the equity derivative markets in the US. Despite some recent challenges, the telecoms conglomerate has been very active in large venturing deals this year as well.

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

The autotmotive manufacturer is pumping $800m into a growth-stage investment vehicle called Woven Capital that will begin operations early next year.

Wabco and Michelin North America are set to exit video telematics system developer SmartDrive, which has agreed to be purchased after raising at least $265m.

The parking monitoring platform developer is seeking $21.8m in the round having previously raised money from investors including Aviva, Reply, Hyundai, Microsoft and Sumitomo.