Transport

FlixMobility has raised a reported $561m in series F funding co-led by TCV and Permira, securing capital for the first time since a Daimler-backed round in 2016.

Didi Chuxing is seeking up to $2bn from investors at a flat valuation, which was a reported $56bn when the company last raised capital in July 2018.

CAS-founded industrial automation spinout VIPioneers has added $14.5m to an angel sum of undisclosed size it received from CAS’s Cash Capital two years ago

Hanwha Systems led a series A round for the spinout of aerospace technology supplier Karem Aircraft, which is working with Uber to supply viable aerial vehicles.

Volkswagen has joined Ford as a shareholder in Argo AI, following a $2.6bn commitment of capital and assets that values the self-driving system maker at more than $7bn.

Cancer treatment company Biontech raised $325m round backed by Fidelity. The company forms part of the hopeful oncology and cancer treatment subsector of life sciences which has seen much growth and in corporate backing in 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.

Corning, Cornes and Volvo have invested in Luminar, which has emerged with more than $250m in funding, including a $100m round closed recently.

Maniv Mobility has closed a $100m second vehicle backed by a dozen corporates such as Shell, Valeo, BMW, Aptiv, Hyundai, Deutsche Bahn and Lear Corporation.

Analysis: Q2 2019

The latest note by data provider PitchBook found that, in the context of growth in corporate venture capital, the most active CVC arms it examines have shown a strong historical performance and corporate-backed portfolio companies have reaped benefits in the form of higher exit chances and lower bankruptcy rates