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Latest News

Corporate venturing deal net: 16-20 September 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Airbnb angles towards 2020 listing
CapitalG-backed Airbnb, valued at $31bn as of 2017, has declared it plans to list its shares next year, and looks likely to choose a direct listing.
Salesforce spends $300m on Automattic investment
The enterprise software producer paid $300m for a 10% stake in content management platform developer Automattic, five years after the company's last funding.
Stripe stacks $250m at a $35bn valuation
General Catalyst, Sequoia Capital and Andreessen Horowitz all chipped in as Alphabet, Visa and Amex-backed Stripe took its total funding past the $1bn mark.
VIPKid talks Tencent into investing $150m
Tencent has recommitted to providing $150m for language tutoring platform VIPKid, having reportedly withdrawn from a verbal agreement to invest last month.
TouchBistro tucks in $119m
Recruit and Just Eat-backed TouchBistro has collected another $119m thanks to investors including strategic partners Barclays and JP Morgan Chase.
AllinMD aligns with Tencent in $100m round
Tencent was among the investors in a series B round that will help AllinMD expand its orthopaedic training and care access platform as well as its hospitals.
BenevolentAI benefits from $90m Temasek investment
The Lundbeck and Upsher-Smith-backed drug development technology provider reportedly raised the funding at half the $2bn valuation of its last round in 2018.

News Continued

PlayVS levels up with $50m
High school esports platform developer PlayVS, which counts Adidas, Samsung Next and WndrCo as investors, secured series C cash to take its total funding to $96m.
Henlius hails $410m IPO
Fosun-backed Shanghai Henlius Biotech has priced shares at the bottom of its range to raise $410m in its initial public offering ahead of public trading next week.
IGM implements $175m IPO
Haldor Topsøe remains the largest shareholder of cancer treatment developer IGM Biosciences, whose shares have risen more than 50% since it floated yesterday.
Acronis accrues $147m
Goldman Sachs has led a $147m funding round for cybersecurity developer Acronis, pushing the company’s valuation beyond the $1bn mark.
Splunk plunks down $150m for corporate venturing
The data management technology producer plans to invest $100m through an innovation fund and $50m through a social impact vehicle.
Colorcon collars Touchdown for $50m fund
The pharmaceutical component manufacturer has committed $50m to Colorcon Ventures, which is being managed by Touchdown Ventures.

Editor's Picks

Sovereign wealth funds cool on Vision Fund II
Public Investment Fund and Mubadala, which put up a total of $60bn for the first Vision Fund, are reportedly looking to downgrade their exposure to the second vehicle, as We Company postpones its IPO.
Cloudflare clocks up $525m in IPO
Alphabet, Baidu, Microsoft and Qualcomm all notched up exits as the cloud services provider floated above a range that had already been increased.
Vertex veers to Semma for $950m acquisition
Novartis, Medtronic and SinoPharm will exit the stem cell-based diabetes therapy developer in an acquisition by Vertex Pharmaceuticals.
Carroll retires from Lilly after two decades
After 22 years at Eli Lilly that included laying the groundwork for its corporate venturing activities, senior vice-president of corporate business development Darren Carroll is retiring.
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