Incode and Odyssey Therapeutics each secured over $200m while Alvotech Holdings, BenevolentAI and Tomorrow.io have agreed reverse mergers at unicorn valuations.

Funding

Internet and technology group SoftBank has co-led a $220m series B round for US-headquartered identity verification and authentication software provider Incode with growth equity firm General Atlantic at a $1.25bn valuation. Capital One Ventures and Coinbase Ventures invested on behalf of financial services firm Capital One and digital currency exchange Coinbase, and the round included investment bank JP Morgan, Silicon Valley CISO Investments, DN Capital, 3L Capital, Framework Ventures, Dila Capital and the founders of payment software provider dLocal.

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.