Consumer

Housenbold to leave SoftBank in July
Jeff Housenbold was a former GCV Rising Star award winner having joined SoftBank almost four years ago.
Smith leaves Corning for Estée Lauder
Dave Smith was a former GCV Powerlist award winner at Corning and sat on the board of X Display and Versalume.
Corporate venturing deal net: 11-15 January 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Poshmark pockets $277m in initial public offering
The JF Shea-backed social commerce marketplace priced its shares above the range in an offering valuing it at about $3bn.
Delivery Hero sets up DX Ventures
The newly formed DX Ventures starts with more than $60m and nine portfolio companies under managing director Duncan McIntyre.
Thistle eats up series B funding
Rich Products Ventures has helped the meal delivery service secure $10.3m to hike its overall funding to $26m.
Tencent sends $100m to Xingsheng Youxuan
Group buying service Xingsheng Youxuan raised the money at a $5bn valuation and has reportedly secured upwards of $1.8bn in the past 18 months.
Perfect Corp pockets $50m
CyberLink has reinvested in the beauty product sampling service through a series C round that was led by Goldman Sachs.

Other News

MadeiraMadeira kits out $190m round
The furniture-focused e-commerce platform secured the funding in a round co-led by SoftBank as it looks to expand its physical footprint and launch own-brand products.
Analysis: Udaan increases series D
Business-to-business (B2B) e-commerce marketplace Udaan extended its series D round with a $280m tranche, featuring Tencent. The company is one of the comparatively few B2B e-commerce deals we have reported, despite the relative size and importance of the B2B in it.
Corporate venturing deal net: 4-8 January 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
GLP buys into Baibu through $110m round
Fabrics trading platform developer Baibu has closed a series C-plus round led by GLP subsidiary Hidden Capital and has now raised $540m inside three years.
New Wave Foods catches $18m
Tyson Ventures has returned for the plant-based shellfish substitute provider's series A round, bumping its total funding up to $26m.
Udaan ups series D round to $865m
Tencent was among the investors that added $280m to the business e-commerce marketplace's series D round, valuing it at $3.1bn.

Editor's Picks

Wish comes true in $1.1bn IPO
The mobile commerce platform developer priced its initial public offering at the top of its range, with JD.com set to exit in the flotation.
DoorDash lets in $3.37bn through IPO
SoftBank Vision Fund is the largest investor in the food delivery service, which has priced an upsized initial public offering roughly doubling its valuation six months ago.
Wish looks to dish up $1bn IPO
JD.com-backed mobile commerce platform Wish has filed to go public a little over a year after raising money at an $11.2bn valuation.
Zwift rides momentum to $450m
Amazon Alexa Fund and Specialized Bicycle Components vehicle Zone 5 Ventures helped the social exercise platform raise money at a valuation above $1bn.
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