Transport

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

Legend Capital returned to lead a series A-plus round that increased automotive parts supplier Mancando's overall funding to almost $60m.

Fosun RZ Capital led a pre-series A round for autonomous driving technology developer DeepRoute, which plans to pilot a robo-taxi service for partner Dongfeng Motor Group next month.

Singapore-based used car and automotive services marketplace Carro has backed Malaysian peer MyTukar as part of a Southeast Asian expansion drive.

Summary of corporate-backed funding initiatives 2011-19

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

Automated driving systems manufacturer CalmCar collected $14m from a SAIC Motor subsidiary and Beijing Connected Vehicles Development Fund having previously been backed by BAIC and China Unicom among others.

TuSimple has secured a $120m series D extension from investors including Mando and UPS, bringing the oversubscribed Sina-led round to a $215m close.

Monthly analysis: July-August 2019

Three corporate venturing windfalls have resulted in three different strategies to maximise shareholder value over the long-term.

With innovation in technology fast outpacing traditional business processes, corporations are increasingly turning to investments as a way of adapting to change and staying ahead of the competition.