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1 December 2017

Corporate venturing deal net: 27 November - 1 December 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: Thierry Heles, Reporter

RepairPal, a US-based creator of an estimator platform for car maintenance, secured $5m from car retailer CarMax on Wednesday as part of an expanded commercial partnership. The cash forms part of a new funding round for RepairPal, though further details have not yet emerged. RepairPal previously obtained an undisclosed amount from financial services provider USAA in 2014, adding to a $13m series B round in 2013 backed by lubricants producer Castrol and auto marketplace Cars.com. Existing backers also include VC firms TugBoat Ventures and Wasabi Ventures.