Transport

TDK Ventures revealed its investment in vertical take-off and landing company AutoFlightX on stage at the GCVI Summit 2020 today.

Sue Siegel, who featured on GCV's Powerlist five times from 2014 to 2019, has won the Lifetime Achievement Award 2020 for service to the venture and innovation ecosystem.

The smart city technology provider has now received in excess of $130m in funding, with strategic investor Telus Ventures leading its latest round.

Sequoia Capital and CDPQ co-led a $75m extension to the round, disclosed together with the micromobility service's purchase of e-scooter producer Circ.

BMW iVentures took part in the latest round for electric motor technology developer Software Motor Company, whose earlier investors include JLL Spark.

Ahead of our record-breaking GCV Innovation Summit in California this week, we are offering an excerpt from our latest World of Corporate Venturing 2020, analysing data from 2019 and the past decade, where we have combined data from GCV Analytics and data provider PitchBook.

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

Returning investor Qualcomm Ventures contributed to a round that increased the electric scooter rental service's overall funding to more than $194m.

Dongfeng Motor, Alibaba, MediaTek and SAIC Motor-backed AutoX has gathered tens of millions of dollars in pre-series B funding led by Jumbo Sheen Group.

Sony Innovation Fund has led a $30m investment for the car rental service as part of a series D round targeting a $100m final close.

Visa is to acquire one of its portfolio companies, financial data network operator Plaid, in multi-billion-dollar transaction, which comes only four months after its latest commitment to the company along with its peer Mastercard.