Transport

Used car e-commerce platform Carsome has secured $19m in a series B round led by Burda Principal Investments that will fund growth in Southeast Asia.

Alibaba has led a $866m debt and equity round for bicycle rental service Ofo having reportedly bought $3bn of stock in January.

Salesforce is expecting to exit the file storage and sharing platform Dropbox, which filed for an IPO after having raised more than $1.7bn in debt and equity financing.

Augmented reality technology developer Magic Leap closed a series D round at over $960m, featuring a host of corporate investors like Google, Alibaba, Axel Springer and Grupo Globo.

Just ahead of our first ever Global Corporate Venturing Israel event in Tel Aviv this week, we are offering our readers a brief data overview on the innovation scene in Israel which has managed to attract corporate venturers from around the globe.

Auto parts manufacturer Aisin Group will be a limited partner in the autotech fund, which will be managed by Fenox Venture Capital.

The corporates contributed to a $28.4m round and will look to work with Tier IV to test its autonomous driving software.

The Ohio State spinout uses liquids to compress, cool and dehydrate natural gas, providing an alternative to petrol-based motoring fuels.

The SoftBank-led series D round is indicative of a startup space where logistics, buying and transport are moving closer together.

Alibaba, which reportedly acquired $3bn worth of Ofo shares in a secondary transaction earlier this year, has provided another $280m in debt financing.