Transport

Bytedance invested $30m in a series C round closed by the smart EV developer formerly known as CHJ Automotive, at a $2.9bn valuation.

The smart vehicle system developer secured $11m in a round that was co-led by Samsung Catalyst Fund as it prepares to beef up research and development.

Several corporate venturers have backed IoT company Terminus Technologies in a $283m series C1 round. This nine-figure round comes to confirm an upward trend in valuations of such enterprises we have been observing for years.

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

Stanford Daper Fund-backed Boatsetter has increased its series A to at least $27.8m with $10m from investors including WestCap Group and Valor Equity Partners.

Total Ventures and existing shareholder Workday Ventures took part in a $60m round that lifted carpooling service Scoop Technologies’ total funding to more than $106m.

The automotive e-commerce marketplace has secured $17.5m in a round that was co-led by SoftBank's Latin American fund.

Tunas Toyota-backed second-hand vehicle marketplace BeliMobilGue has received $30m from founding investor Frontier Car Group

Insurance group MS&AD Holdings has boosted the size of its corporate venturing unit eight months after its launch, having reportedly made in excess of 20 investments.

Last year there was a peak in number of IPOs of corporate-backed emerging business, while the first half of 2019 hosted some much-awaited flotations like those of Uber, Lyft and Slack. We look at the broader picture for corporate-backed companies going public.