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Xgimi expects to raise $185m in IPO
Baidu Ventures, Mango Media and Zhongnan Red Cultural Group are set to exit the screen projector producer in an IPO on Shanghai’s Star Market.
Abound accomplishes series A close
Red Antler participated in a $22.9m round for the wholsale goods marketplace, representing its first institutional funding.
Ikea unpacks Ikano Bank deal
Ikea holding company Ingka Investments is paying an undisclosed sum for a 49% stake in financial services provider Ikano.
Corporate venturing deal net: 15-19 February 2021
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Xingsheng Youxuan pockets $2bn
Tencent has backed another round for the bulk grocery shopping service, which also attracted China Evergrande Group and valued Xingsheng at $6bn pre-money.
Standard Cognition checks out $150m series C
SoftBank Vision Fund 2 led the round which also attracted SK Networks and will enable Standard Cognition to deploy its autonomous checkout system in hundreds of stores.
Tata Group to put BigBasket in its trolley
BigBasket is reportedly being valued between $1.8bn and $2bn in a transaction that would give Tata Group a majority stake.
Owlet grows into public company
Amazon-backed Owlet Baby Care has agreed to a reverse merger with special purpose acquisition company Sandbridge for a post-deal valuation of $1.39bn.
Redefine Meat categorises $29m in series A
Lee Kum Kee Products’s Happiness Capital has co-led a series A round for the provider of 3D-printed meat substitutes.
Masco puts finishing touch to $50m fund
Touchdown Ventures will manage Masco’s corporate venture capital fund in its latest win.

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