Xiaohongshu, an e-commerce platform backed by Alibaba and Tencent, is looking to add up to $500m in funding to its coffers from investors including SoftBank Vision Fund.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Novel Group-backed luxury goods marketplace The RealReal will raise $300m in an initial public offering in which it will float above its range.
TCL Venture Capital took part in the $14.5m series B round, which will enable F5 Future Store to expand its network of cashier-free convenience stores in China.
GV returned for consumer goods stock exchange StockX’s $110m series C round, which valued the company at more than $1bn and brought its total funding to $150m.
Chernin Group took part in a series B round that increased the total funding raised by celebrity message video service Cameo to nearly $66m.
Pablo Moro Casquete has left his head of innovation role at Mutua Madrileña to join Telefónica’s Innovation Investment arm, having previously worked for the telecoms firm for over a decade.
The fast fashion retailer has invite banks to apply for roles in the offering, having raised its first external financing in a Tencent-backed round last year.
CureFit had held discussions with SoftBank Vision Fund over a $200m investment, but Unilever Ventures has instead stepped up as part of a $120m round.
Industrial e-commerce platform Zhenkunhang raised a $160m corporate-backed series D round, which forms part of the emerging e-commerce space