Transport

Unnamed investors have added $1.2bn to a round already featuring AIA, Mitsubishi, Visa, SCB, Astra International, Tencent, JD.com and Google that reportedly now totals near $3bn.

Monthly analysis: February 2020

The United Nations-backed Intergovernmental Panel on Climate Change (IPCC) has previously estimated the world will need to remove an average of 10 gigatons –10 billion tons – of carbon dioxide (CO2) a year from the atmosphere by 2050.

Netherlands-based financial services firm Rabobank provided an additional €80m ($90m) of funding for its strategic investment subsidiary, Rabo Frontier Ventures a year ago in February 2019.

Special report: Agtech

The third annual Global Corporate Venturing Israel conference took place in Tel Aviv on February 11 in partnership with local corporate innovation advisory firm Axis Innovation.

Sector analysis: Industrial

Wipro Ventures exited email security software developer Emailage, when it was acquired by LexisNexis Risk Solutions. The sizeable deal is part of the wider cybersecurity space which has been popular over recent years.

Congruent Ventures is raising a second fund two years after a first $92m vehicle closed with an anchor investment from University of California.

Corporates Tencent and SoftBank invested in a $2.41bn round raised by real estate platform Beike Zhaofang at a reported $14bn valuation. The transaction is part of the broader real estate tech space which has seen a surge in valuations in recent years.

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