Decentralised finance technology developer BloXroute raised $70m in a round led by SoftBank Vision Fund 2 while Ackermans & van Haaren helped digital health technology developer Medikabazaar score a $700m valuation.

Funding Telecommunications and internet group SoftBank’s Vision Fund 2 has led a $70m series B round for BloXroute, a US-headquartered developer of technology that speeds up decentralised finance transactions, Coindesk reported yesterday. Robert Kaplan, investment director for Vision Fund 2 manager SoftBank Investment Advisers, will take a board seat at BloXroute in connection with the round, which included digital asset trading firm GSR, Lightspeed Venture Partners, Dragonfly Capital and ParaFi Capital. India-based digital health software provider Medikabazaar has received $65m in funding from investors including diversified conglomerate Ackermans & van Haaren at a $700m valuation, the Economic Times reported yesterday. Lighthouse India Fund invested $30m to lead the round, which also featured Creaegis, HealthQuad, KOIS Holdings and British International Investment, the development finance vehicle formerly known as CDC. US-headquartered cybersecurity software provider Silverfort completed a $65m series C round yesterday featuring GM Ventures, Singtel Innov8 and Citi Ventures, on behalf of carmaker General Motors, telecoms firm Singapore Telecommunications and financial services group Citi respectively. Investment firm Greenfield Partners led the round, which was also backed by Acrew Capital, Vintage Investment Partners, StageOne Ventures, Aspect Ventures and Maor Investments. Jiangsu Synthgene Biotechnology, a China-based provider of raw materials for life sciences companies, has raised over RMB300m ($47.1m) in series A funding from investors including Legend Star, a corporate venturing vehicle for conglomerate Legend Holdings, DealStreetAsia reported yesterday. Lake Bleu Capital, Lyfe Capital and Sherpa Healthcare Partners also contributed to the round. Nomad, the creator of a cryptocurrency targeted at digital nomads, secured about $22m yesterday in a seed round featuring crypto financial services provider Amber Group and Circle Ventures, the investment arm of payment technology provider Circle. The round was led by Polychain at a $225m valuation and included 1kx, Ethereal Ventures, Hack VC, Figment, Archetype, Hypersphere, Dialectic, Lattice Capital, A&T Capital, Wave Financial, Breyer Capital, Continue Capital, Robot Ventures, LedgerPrime, Open Web Collective and unnamed angel investors. US-based claims guidance software developer EvolutionIQ received $21m in series A funding yesterday from investors including claims management services provider Sedgwick and insurers Reliance Standard Life, Guardian Life and New York Life, the last through its New York Life Ventures unit. Venture capital firm Brewer Lane Ventures led the round, which also featured First Round Capital, FirstMark Capital and Foundation Capital, Altai Ventures and Asymmetric Ventures. Investment firm Tiger Global Management led a $16m series A round today for Grain, a US-based provider of video meeting analysis software, that included video communication software…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.