Transport

Bavaria Nordic has exited the Norway-based car sharing service, which has been bought by US-based peer Getaround in a $12m deal.

The fund will focus on logistics technology developers and boasts JD Logistics, parent company JD.com and unnamed additional corporates among its limited partners.

Industrial e-commerce platform Zhenkunhang raised a $160m corporate-backed series D round, which forms part of the emerging e-commerce space

The Almajdouie and Careem-backed bus booking service will use the proceeds from the round, which took its total funding to $80m, to expand further into Africa.

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

Qualcomm Ventures took part in a $72.3m round that valued the moped rental service at $200m post-money, increasing its overall funding to $92m in the process.

Sector analysis: Healthcare

GCV editor-in-chief James Mawson closed the second day of the symposium by moderating a discussion on the impact financial technology developers are having on incumbent banks.

Blockchain technology is an opportunity to change the way we see illiquid assets of ownership including venture capital, with implications for all stakeholders, according to a discussion moderated by GCV editor-in-chief James Mawson.

Review of the GCV Symposium 2019 by Callum Cyrus and Jack Hammond, reporters

Innovative region: UK