Transport

The UK-based parking app has secured an undisclosed sum from venture firm Index Ventures as it struck a deal with seed investor BMW to roll out its technology.

The employee transportation startup has secured funding from backers including the corporate venture capital arm of Qualcomm.

The room listings marketplace secured $475m at a $10bn valuation, showing once again the extraordinary growth potential for companies willing to disrupt existing industries.

The acquisition of China-based digital map service AutoNavi for $1.5bn by Alibaba, secured the biggest corporate venturing exit of the quarter, after Alibaba had previously owned a 28% stake in the company.

There were 456 investments in corporate venturing-backed companies worth $14bn, a sharp rise over the 246 investments worth $5.8bn in the first quarter. There were also 38 exits worth $9.7bn, which was a dramatic rise against the 21 exits worth $5.4bn in the first quarter.

As well as investing in the biggest investments, Alibaba also secured the biggest exits, after it acquired China based digital map service AutoNavi for $1.5bn, having earlier backed it. Alibaba was also a big investor in China-based microblogging platform Weibo, which raised $285.6m in an initial public offering (IPO).

A round-up of the biggest corporate venturing dealmakers in the second quarter.

The Rocket Internet-launched ride sharing app has closed a Tengelmann-backed series D round that took its overall funding to $77m.

The tyre producer has teamed with alternative asset manager to form the fund, which will make strategic investments.