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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.
NGP’s investment total reaches $90m
National Grid’s corporate venturing arm has committed $90m of its $250m initial budget, having backed a total of 12 portfolio companies and three venture capital funds.
SecurityScorecard marks off $50m series D
The cybersecurity risk-scoring platform developer has increased its total funding to $110m with the series D round, which featured Intel Capital and Axa Ventures.
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.
Capgemini Ventures captures $102m fund
Capgemini’s corporate venturing unit has partnered venture firm ISAI to set up a $102m fund dubbed ISAI Cap Venture to target early-stage B2B software startups.
Mythic adds $30m to series B story
SoftBank, Lam Research, Lockheed Martin and Micron all featured in Mythic's $30m series B1 round, which brought the AI microchip maker's total series B intake to $70m.
Crane crowns $90m close for first fund
The venture capital firm’s inaugural early-stage fund, Crane I, has reached its $90m hard cap with contributions from LPs including MassMutual Ventures, with which it has established a strategic alliance.
InGeneron extends series D to $43m
Sanford Health has provided $23m in funding to increase the regenerative cell therapy provider's series D round to $43m, having initially supplied the first $20m in 2017.

Other News

Avi networks its way to VMWare acquisition
Avi Networks, which raised $115m from investors including Cisco Investments, has agreed to an acquisition by VMWare for an unspecified sum.
Symphony plays on with $165m
Standard Chartered and Mitsubishi UFJ were among the financial services providers that contributed to a round that valued communication platform developer Symphony at $1.4bn.
Barefoot takes next step with Intel purchase
Tencent, Google and Alibaba are all set to exit the network switch technology developer, which had raised $130m prior to agreeing to an acquisition by Intel.
Cvent goes DoubleDutch in acquisition deal
Cvent paid an undisclosed sum to purchase the event engagement platform developer in a transaction of undisclosed size that gave an exit to Grace Beauty.
Skupos cashes in $26m series B
The retail analytics software developer increased its overall funding to $37m with a Unilever Ventures-backed round that will fund hiring and product development.
Sense Photonics grasps $26m in series A
Sense Photonics will use the proceeds from the round, which includes Samsung Ventures and Shell Ventures, to bring its lidar system to market.

Editor's Picks

Uber arrives on public markets with $8.1bn
SoftBank Vision Fund is selling $245m of shares while PayPal is investing $500m in the ride hailing service, in the world's largest IPO since 2014.
Slack puts forward direct listing details
SoftBank Vision Fund owns more than 7% of the enterprise messaging platform developer, which could list at a valuation near $17bn.
Uber sets IPO terms to target $9bn
Uber is set to raise $7.9bn to $9bn if it floats within its range, while PayPal has agreed to invest another $500m through a private placement.
Pinterest hits NYSE in $1.4bn IPO
Qualcomm-backed visual social media platform Pinterest floated above its range in an offering that will give it a market cap near $13bn.
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