Transport

On-demand parking service Luxe is in talks for a $50m series B round that would be led by Hertz and which could value it at upwards of $160m post-money.

2015 saw companies raising large VC rounds faster and investors existing quicker, according to Jon Norris of Silicon Valley Bank, and expect M&A to stay steady as IPO market continues to move slowly.

Logistics company Deliv has added UPS to shareholders that already include General Growth Properties, Macerich, Simon Property, Taubman Centers and Westfield.

Tencent was among the investors in a $12m series A round for the China-based parking space location app developer.

The car park management startup, which counts several property developers among its investors, has now raised $13.5m in the past year.

The electronics producers will set up a joint fund in March 2016 that will seek out startups in the internet of things, robotics and other emerging sectors.

The Chinese ride hailing service raised $3bn in September from backers including Alibaba, Tencent and Ping An, and is set to close new funding at a $20bn valuation.

Conglomerate Legend Holdings and vehicle auctioneer Uxin Group have supported a funding round for the salvaged car marketplace.

The car parts producer has received $28.3m in capital from Business Growth Fund and long-term investor Lloyds Bank.

Corporates remained active as crossover investors helped take healthcare VC investment to its highest level since 2000, Jonathan Norris of Silicon Valley Bank told Global Corporate Venturing.