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Financial

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.
GE Ventures to sell its portfolio
General Electric had considered spinning out its corporate venturing operation, but has now shifted its focus to finding a buyer for a portfolio consisting of stakes in more than 100 companies.
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.
HRB catches Wave in $405m acquisition
Wave Financial, the financial management software developer backed by National Australia Bank, Royal Bank of Canada and Power Corporation, has been bought by H&R Block for $405m in cash.
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.
Nubank to account for $1bn
Nubank is in talks with SoftBank to lead a funding round of up to $1bn that could more than double the fintech’s valuation to between $8bn and $10bn as it pursues additional markets.
Step moves forward with series A
Teenager-focused digital banking app Step collected $22.5m in the Stripe-led series A round, which featured WndrCo and existing backer Sesame Ventures.
WTW to broker corporate venturing deals
Willis Towers Watson has created a corporate venturing subsidiary, WTW Strategic Ventures, and a new group, the Growth Board, to make strategic investments in startups.

Other News

Analysis: SoftBank gives Creditas $200m
SoftBank backed online lender Creditas, a company from the alternative lending space, which does not seem to have experienced exponential growth in valuations.
Corporate venturing deal net: 3-7 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.
NoBroker nabs $51m in series C funding
Digital Garage-backed peer-to-peer property marketplace NoBroker has now raised more than $71m altogether and will use the series D proceeds for further expansion.
Creditas bonds with SoftBank to raise $200m
Online lender Creditas has raised $200m from SoftBank at a reported $700m post-money valuation, adding to about $84m previously procured from backers including Naspers.
Fnality International settles series A funding
Tokenised financial transfer service Fnality International, which was formed by the financial services firms behind the Utility Settlement Coin project, secured $63.2m.
Tencent banks on TrueLayer in $35m round
The open banking software provider will continue its European expansion plans with a $35m round that featured Tencent, taking its total funding to more than $47m.

Editor's Picks

Pfizer’s Jones to retire
Elaine Jones, vice-president at pharmaceutical company Pfizer’s corporate venture capital unit, has shared highlights of her career with GCV ahead of her departure in April.
CVC in 2018 - The Trends: Part One
In part one of our 2018 trends round up, we examine the ubiquity of SoftBank's Vision Fund, the increased willingness of unicorns to go public, and increased activity in the crypto and agriculture spaces.
Plaid prises $250m from investors
The GV-backed financial software technology provider raised series C funding in a Kleiner Perkins-led round that valued it at $2.65bn.
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