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Corporate venturing deal net: 10-14 June 2019
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
We Company to buy Indian franchise for $1.9bn
WeWork India, a local franchise of co-working space operator We Company that is backed by Embassy, is set to sell a 70% stake for a $1.9bn in cash and shares.
Invengo invigorates $145m IoT fund
Invengo has joined Shenzhen HTI Venture Capital to launch a fund aligned with its IoT business that is initially aiming to raise about $43m on the way to a $145m targeted close.
Shuidi ships in $145m
Tencent returned for a $145m series C round, three months after leading a $74.5m series B round for the healthcare-focused crowdfunding service.
Wavemaker drifts to $60m close for third fund
Keppel is among the limited partners in the VC firm’s Southeast Asia-focused third fund, which has achieved a $60m first close on its way to a $100m ceiling.
Qxpress checks in $50m investment
The logistics subsidiary of eBay and Singapore Press Holdings-backed e-commerce marketplace Qoo10 has raised $50m to expand its operations.
YunQuNa laps up $70m
The Sumitomo-backed international freight logistics platform has added series C funding, from Sequoia Capital China, Coatue Management and Source Code Capital.
City Cloud goes to Greenland for series C
Greenland Holdings invested in a $43.2m round for the Cisco and Country Garden-backed city management software provider City Cloud in connection with a strategic partnership.

Other News

Oyo looks to book investors for $1bn round
New and existing investors including SoftBank are talking to the short-term accommodation platform over a round that could value it at $10bn.
Yanolja secures Booking in $180m series D
Yanolja has collected $180m in funding from Booking Holdings and Singapore’s sovereign wealth fund GIC, valuing the short-term room rental service at more than $1bn.
Dishangtie parks $100m in series B round
Itochu was among the investors in a series B round that electric vehicle rental service Dishangtie closed at $100m earlier this year.
SoftBank recruits senior managers for Latin American fund
SoftBank has selected four senior management members – Chris Cooper, Patricia Menendez-Cambo, Francisco Sorrentino and Lee Bocker – for its Latin America Fund, SBGI subsidiary and new entity SoftBank Tech Hub.
GuardKnox drives off with $21m series A
Faurecia, SAIC, Kardan, Allied Group and Cyphertech all took part in the round, which increased connected car security platform GuardKnox's overall funding to $24m.
ShareChat in talks for $100m funding round
Twitter is expected to lead the Xiaomi-backed round with an investment of more than $50m, valuing the social networking platform at up to $650m.

Editor's Picks

Vision Fund envisages possible IPO
SoftBank is mulling the possibility of taking its $98.6bn Vision Fund public and is in talks with Oman over a commitment to a second fund.
Careem rises to $3.1bn acquisition by Uber
Careem has agreed to an acquisition by Uber in a cash-and-convertible note deal, allowing Rakuten, Al Tayyar, Daimler, STC and Didi Chuxing to exit.
Big Deal: Vision Fund makes billion-dollar Grab
SoftBank Vision Fund invested $1.46bn to take Grab's series H round, already backed by Toyota, Hyundai, Kia, Booking Holdings, Central Group, Yamaha, Ping An, Microsoft, Tokyo Century and KBank, to $4.5bn.
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