Transport

The number of flotations of companies that have previously received corporate backing has been growing over the past years but by the end of 2019 they may register a slight slowdown.

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

Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.

Alphabet and its Sidewalk Labs unit have each committed $10m to a smart city-focused venture fund on the proviso that Sidewalk's development on Toronto's waterfront is approved.

The Qualcomm-backed scooter rental service is now valued at more than $500m, as it moves toward a projected $200m close for its latest round.

University of Tokyo Edge Capital has led a series A round set to support on-demand bus transport company Swat's push into additional Asian markets.

On-demand bus transportation service Swat secured $10.1m in a round backed by public transit operators SMRT and ComfortDelGro that will fund geographical expansion and recruitment.

The bus transportation provider's series C round currently stands at $36m, half of which has come from Toyota Tsusho and Mirai Creation Fund.

EV charging services provider Newlinks Technology Group secured funding in a Nio Capital-backed series C round that took its overall funding to more than $237m.

As we are about to close our current annual survey, we take a peek at some of the insights provided by last year’s survey.

Amadeus Ventures will expand into the Asia-Pacific region early next year, roughly six years after being founded by its Spanish parent company.