Transport

Existing investor OLX returned to increase its stake in used car marketplace company Frontier Car Group, investing $400m through a primary and secondary transaction.

Smart travel app Kune, electric boat battery maker Zenith and lidar diode control company Aerodiode will receive a total of $650,000.

Citi and Alphabet-backed real estate portal HomeLight raised $63m in a series C round and an additional $46m in debt financing. The deal is part of the burgeoning real estate tech space, which has seen much corporate attention in recent years.

SIG-backed drone manufacturer Ehang has filed for an initial public offering in the US with a $100m placeholder figure, with previous reports suggesting an up-to $500m target.

SoftBank invested $655m in supply chain finance provider Greensill. The deal is part of the burgeoning alternative lending space within fintech.

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

The Fosun-backed automotive services provider received $80m in a series C1 round co-led by Sequoia Capital China and Source Code Capital.

Toyota Tsusho paid $6.1m for a 3% stake in the bus aggregation service as part of a round that valued it at about $200m.

The big data platform Databricks raised $400m reportedly at $6.2bn valuation, with the backing of Microsoft. The company forms part of the broader big data tech space, in which corporates have been heavily investing over 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.