In the corporate venturing world, the biggest deal happened in China, where sports media company LeSports closed a massive $1.2bn round backed by HNA Group.
Another seemingly big round was closed by online grocer Yiguo, which didn’t reveal an amount but boasted that it’s larger than its competitor Womai’s $220m series C round in October last year.
Robo-advisor Betterment meanwhile attracted $100m in series E funding, more than doubling its total capital to $205m.
Juicero, an organic juice company backed by conglomerate Alphabet and food producer Campbell’s Soup, has boosted its total funding to $100m after attracting $70m for its series B round.
Finland-based document management company M-Files meanwhile raised $36m in its series B, which was backed by government-owned investment firm Finnish Industry Investment.
IDG Ventures India was less interested in investing and is instead considering selling its remaining stake in e-commerce Flipkart. IDG Ventures never actually invested in Flipkart, but gained shares when Flipkart bought its portfolio company Myntra, a fashion e-commerce business, for some $300m in 2014.
Infuse Ventures is seeking $150m for a new fund dubbed Bharat. Infuse’s backers include oil company BO, oleochemicals manufacturer Godrej Industries and World Bank subsidiary International Finance Corporation.
Germany announced two new funds totalling more than $810m. The two funds have been launched by Germany’s federal ministry for economic affairs and energy, the European Investment Fund and development bank KfW. The cash is split across a $252m Coparion Fund and a $560m ERP/EIF Growth Facility.
Japan has announced its intention to invest more than $1bn through four university venture funds. Tokyo University is set to receive the largest chunk with $450m and plans to use most of the money for a fund of funds.
IBM has announced that George Ugras will replace Claudia Fan Munce as managing director of IBM Ventures.
Mike Majors is leaving Siemens Venture Capital, where he co-founded a $100m Industry of the Future Fund, to become managing partner at venture firm Data Point Capital.