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19 May 2017

Corporate venturing deal net: 15-19 May 2017

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Author: Robert Lavine, News Editor

Wish, a US-based e-commerce platform backed by investors including e-commerce firm and conglomerate Legend Holdings, raised an undisclosed amount on Monday in a series F round led by Everbright-IDG Industrial Fund that included Temasek, DST Global, Third Point Ventures and Founders Fund. The company had raised more than $575m as of a 2015 series D round that valued it at $3.5bn, and a report in November 2016 stated it was about to raise up to $500m in additional cash.