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Corporate venturing deal net: 15-18 April 2019
Each week the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.
SoftBank to drive $1bn round for Uber ATG
SoftBank, Toyota and Denso are expected to be among the investors supplying $1bn for Uber's autonomous driving division when it spins off at a valuation of about $7.3bn.
Berg bids goodbye to GM Ventures
Joshua Berg has departed GM Ventures, where he had been an investment manager, to pursue new opportunities in the automotive corporate venturing space.
Shift moves series D round to $180m
Used vehicle e-commerce platform Shift has collected another $40m for a series D round that is backed by Lithia Motors, BMW and Alliance Ventures.
Big Deal: Uber finally files for IPO
SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.
Kunlun takes $50m ride on Pony AI
Kunlun Tech invested the money at a $1.65bn valuation, a big jump from the series A round the autonomous driving technology developer closed last July.
Vista Global swoops for JetSmarter
The aviation company is set to buy the JetEdge-backed private-flight booking platform, which was valued at more than $1.6bn in 2016, in an all-share transaction.
AutoX motors on with series A3 round
Dongfeng Motor has led a nine-figure series A3 round for AutoX, adding to at least $43m in capital previously raised from investors including MediaTek and SAIC Motor.

Other News

InMotion heads to The Out
Jaguar Land Rover's corporate VC unit has diversified from its external investments to launch a car rental service in London called The Out.
MiniEye maps out series B round
NavInfo led a series B round that increased the advanced driver-assistance system developer's funding to $20m over the past six months.
SoftBank builds Latin American investment team
SoftBank has tapped three executives to help run its $5bn Latin America-focused fund, with Paulo Passoni and Shu Nyatta to work alongside managing partner André Maciel.
Uber cues up $10bn IPO filing
The corporate-backed ride hailing service intends to seek a valuation of up to $100bn in its initial public offering and plans to officially file tomorrow.
Grab grasps for $6.5bn in latest round
The Southeast Asian ride hailing service aims to add $2bn to a $4.5bn round that includes SoftBank Vision Fund, Toyota, Hyundai, Ping An and Microsoft.
Corporate investors get off Hellobike
WM Motor, Fosun and Bertelsmann Asia Investments have reportedly exited app-based bicycle rental platform Hellobike as it gears up to raise money.

Editor's Picks

Big Deal: Uber finally files for IPO
SoftBank Vision Fund and Alphabet are among the largest shareholders in Uber, which has filed for an offering that could value it at $100bn, a decade after it was founded.
Careem rises to $3.1bn acquisition by Uber
Careem has agreed to an acquisition by Uber in a cash-and-convertible note deal, allowing Rakuten, Al Tayyar, Daimler, STC and Didi Chuxing to exit.
Lyft accelerates towards $2.1bn IPO target
Lyft has set the range for an IPO that would allow Alphabet, Rakuten, GM, Jaguar Land Rover, Alibaba, Didi Chuxing, Magna and Icahn Enterprises to exit, valuing it at up to $22.9bn.
Big Deal: Vision Fund makes billion-dollar Grab
SoftBank Vision Fund invested $1.46bn to take Grab's series H round, already backed by Toyota, Hyundai, Kia, Booking Holdings, Central Group, Yamaha, Ping An, Microsoft, Tokyo Century and KBank, to $4.5bn.
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