Transport

CO2 is the focus but limiting emissions is hard; capturing, using and storing offers opportunities; but critical underinvestment in innovation

Sector analysis: Consumer

Netherlands-listed technology investor Prosus, formed out of the corporate venturing assets collected by South Africa-listed media group Naspers, has sold 2% of China-based gaming and social media group Tencent for $14.7bn.

The on-demand ride provider, backed by more than a dozen corporates, has secured a $39.6bn initial pro-forma equity valuation in the deal.

The oncology drug developer, backed by Bristol Myers Squibb, secured close to $144m in its IPO. This is an exit from a space that has seen much corporate support over the past decade.

Existing backer Tencent returned to co-lead a series B1 round sized at tens of millions of dollars for the AI-enhanced logistics service.

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

The ride hailing and logistics service operator pulled in $15m through a series B round led by existing corporate investor Central.

The SoftBank-backed used car marketplace more than tripled its valuation to $4bn in seven months, with D1 Capital Partners leading the round.

Tripod Technology joined Jiangsu Yueda Jintai Fund Management in the automotive sensor provider's latest round.

Google has provided fresh funding for Kakao’s on-demand ride hailing spinoff two months after it received $200m from Carlyle Group.