DMG Ventures contributed to a $50m round for online stationery brand Papier while Hannover Digital Investments helped cross-border payment service Vitesse secure $26m.

Funding UK-headquartered online stationery retailer Papier raised $50m today from investors including DMG Ventures, the corporate venturing subsidiary of media company Daily Mail General Trust. The round was led by venture capital firm Singular and also featured Lansdowne Partners, Kathaka and existing backers Felix Capital and Beringea. Vitesse, the UK-based operator of a digital cross-border payment platform, has received $26m in a series B round that included insurance firm HDI Group’s Hannover Digital Investments vehicle. Prime Ventures led the round, which was also backed by fellow venture capital firm Octopus Ventures and private investors Ron Kalifa and Shane Happach. South Africa-based payment software developer Stitch raised $21m today in a series A round featuring banking software producer TrueLayer and PayPal Ventures, the corporate VC arm of digital payment processor PayPal. The round was led by The Spruce House Partnership and included Firstminute Capital, The Raba Partnership, CRE Venture Capital, Village Global and Zinal Growth. Consumer electronics manufacturer Xiaomi led a RMB100m ($15.7m) funding round for Chilye, a China-based provider of electric vehicle charging systems, on Friday. Financial holding company Yongjin Group’s Yonghua Investment vehicle also took part in the round, as did Oriza Holdings. Agot AI, a US-based developer of artificial intelligence technology intended to eliminate mistakes in restaurant orders, has secured $12m from investors including agribusiness Continental Grain’s Conti Ventures subsidiary, TechCrunch reported on Friday. The corporate was joined in the round by Kitchen Fund and Grit Ventures. Kyro Digital, a US-based startup spun off from web development services provider Sage Digital that has created an application development software platform for Web3 products, has completed a $10m series A round. Avalanche Foundation, which oversees smart contract software platform Avalanche, took part through its Blizzard fund, investing with United Overseas Bank’s UOB Venture Management fund, crypto scaling software producer Polygon, cryptocoin minting technology provider Rally, open-source blockchain developer Tezos, Decasonic, Drive Capital, Fenbushi Capital, Information Capital, Signum Capital, Woodside Incubator and angel investor Brad Koenig. Telecommunications and internet group SoftBank’s Latin America Fund co-led a $7m seed round for Birdie, the US-headquartered creator of a software platform which analyses data for product lifecycle management companies, with Illuminate Ventures. The round included Fusion Fund, Astella Investimentos and Endeavor Catalyst while Marco Camhaji, managing partner of early-stage investments for SoftBank Latin America Fund, is taking a board seat at Birdie along with Cindy Padnos of Illuminate Ventures. Micruity, the US-based developer of a software product that facilitates the sharing of income data…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.