Transport

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.

Renault Venture Capital led a series B round also featuring Volvo Group Venture Capital, Nationwide Ventures, Hyundai and Hyundai AutoEver.

Spinouts progressing technologies for road traffic and electric vehicle applications are among the first to have been selected for a Philippines government funding scheme.

Yeshiva University’s Innovation Lab accelerator has more than doubled the number participating in its latest cohort, with a number of AI-driven technologies among those selected.

TDK Ventures has taken part in a round for electric bicycle rental startup Wheels sized at more than $50m, nine months after it raised $37m.

The developer of non-toxic pesticides raised an $85m round backed by BASF. The deal is part of the agriculture and agtech space which is enjoying more interest from corporates this year than previously.

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