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

XTransfer, a China-based financial trading technology provider backed by telecommunications firm Telstra, has completed a series C2 round of undisclosed size led by investment firm Lavender Hill Capital Partners and backed by unnamed existing investors, DealStreetAsia reported on Wednesday. Telstra unit Telstra Ventures led an October 2020 series C1 round that included MindWorks Capital and undisclosed existing backers, following a $15m round featuring EWTP Fund, China Merchants Venture Capital, 01VC, Yunqi Partners and Gaorong Capital a year earlier that took XTransfer’s total funding to $30m. Medical practice finance provider Bankers Healthcare Group has invested $10m in Apiture, a US-based developer of digital banking transformation technology. Apiture was formed in 2017 as a joint venture between payment services provider First Data and financial services firm Live Oak Bank before closing a $20m round featuring financial services firm Pinnacle Bank and funds and accounts advised by T. Rowe Price in July 2020. Broncus Holding Corporation, a US-based medical device developer backed by internet group Baidu and surgical technology producer Intuitive Surgical, completed a series D round of undisclosed size yesterday led by FountainVest Partners and backed by Exome Asset Management, Summer Capital and Valliance Capital. It had raised $15m in series A funding from investors including Intuitive in 2018 and an undisclosed amount in a series C round led by Lake Bleu Capital and backed by Baidu unit Baidu Capital, Ascendum Capital, CNCB Capital, Qiming Venture Capital and DCP Capital in October 2020. Telecoms and internet group SoftBank has led a series C round of undisclosed size for Brazil-based accounting services provider Contabilizei, LatAm List has reported. Quona Capital, Point72 Ventures, Kaszek Ventures and the world Bank’s International Finance Corporation (IFC) also took part in the round, which came after Point72 Ventures led a $20m round in January 2019 that included IFC, Quona Capital, Quadrant, Fintech Collective and existing investors Kaszek Ventures, e.Bricks, Endeavor Catalyst and Curitiba Angels. It had raised undisclosed amounts from Curitiba Angels in 2014, KaszeK Ventures the following year and e.Bricks Ventures, Kaszek Ventures and Endeavor Catalyst in 2016. LottieFiles, the US-based operator of an online community platform for motion graphics creation, received $9m on Wednesday in a series A round led by software provider Microsoft’s corporate venturing unit, M12. The round included 500 Startups, the VC firm that joined application delivery software producer Adobe’s Fund for Design to supply an undisclosed amount of seed financing for LottieFiles in April 2020. BlackCart, the Canada-based operator of a try-before-you-buy…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.