Amadeus Ventures will expand into the Asia-Pacific region early next year, roughly six years after being founded by its Spanish parent company.
Conglomerate Al Yemni Group helped car hire service Ekar close a $17.5m round that will support its entry into Saudi Arabia as it looks to expand across the Middle East.
AfricInvest has injected another $4m into a series B round for on-demand ride service Heetch that already included Allianz and Mobivia.
CapitalG returned for the $400m series D that brought Convoy’s total funding to $668m, after the Alphabet subsidiary had previously led a $185m series C round.
Existing investor OLX returned to increase its stake in used car marketplace company Frontier Car Group, investing $400m through a primary and secondary transaction.
SIG-backed drone manufacturer Ehang has filed for an initial public offering in the US with a $100m placeholder figure, with previous reports suggesting an up-to $500m target.
Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
The Fosun-backed automotive services provider received $80m in a series C1 round co-led by Sequoia Capital China and Source Code Capital.