Stake Purchase

Mitsui Sumitomo hands $350m to Hippo
The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.
STC Pay charges up with $200m
Western Union, which already partners the Saudi Telecom spinoff on cross-border money transfers, is acquiring a 15% stake in the digital wallet provider.
Tencent takes $150m to Waterdrop
Tencent is reportedly injecting more funding into WeChat-powered healthcare insurer Waterdrop ahead of a potential IPO at a projected $4bn valuation.
Corporate venturing deal net: 16-20 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
SGE sinks $22m into Realync
Susquehanna Growth Equity SGE will support the virtual property tour platform's next stage of growth, its user base having more than tripled since March.
Zenobe charges up with $198m
Infracapital supplied the funding for the energy storage services provider, which also counts Jera and Tokyo Electric Power among its investors.
Qualcomm calls in 5G investments
Qualcomm Ventures' 5G Ecosystem Fund has backed Azion Technology and Pensando Systems as well as series B rounds for Celona and Cellwize.
Corporate venturing deal net: 9-13 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Other News

Vista Equity visits Pipedrive at $1.5bn valuation
Deutsche Telekom-backed DTCP will retain a stake in the sales software producer once Vista Equity Partners' majority investment closes.
Pharmapacks boxes up $250m from Carlyle Group
The private equity firm's investment valued McKesson, Sealed Air and RB-backed e-commerce fulfilment service Pharmapacks at $1.1bn.
Corporate venturing deal net: 2-6 November 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
Corporate venturing deal net: 26-30 October 2020
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
TPB backs Dosist with cash and distribution
Turning Point Brands has supplied $15m for cannabinoid health product developer Dosist through a co-development and distribution pact.
TTP goes Autohome for $168m
Autohome returned to agree a $168m investment in the automotive auction platform two years after buying a $100m convertible bond.

Editor's Picks

Mitsui Sumitomo hands $350m to Hippo
The property and casualty insuance provider nearly doubled its overall funding with a strategic investment by MS&AD subsidiary Mitsui Sumitomo.
Grab to take $714m from Mitsubishi UFJ
The banking group is providing the funding as part of a collaboration deal that will involve it building a financial services app with Grab.
SoftBank sorts We Company with $9.5bn financing package
Jin Jiang International and Legend Holdings will get exit routes through the deal, which is set to give SoftBank a stake in the workspace provider sized at about 80%.
Didi Chuxing mobilises Toyota for $600m deal
Toyota will invest $600m into Didi Chuxing and form a joint venture also involving GAC Toyota Motor that will be focused on vehicle-related services for ride hailing drivers.
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