Every day, Global Corporate Venturing rounds up the news from across the corporate innovation ecosystem.

Funding

AI

Pexa Insights, the data analytics subsidiary of property transaction settlement platform Pexa Group, has agreed to acquire a stake of up to 25% in Australia-based artificial technology developer Elula in return for an undisclosed amount of funding.

Construtech

Advanced materials producer Saint-Gobain’s strategic investment arm, Nova, and port operator Grupo Murchison have taken part in a $3m round for Argentina-based construction digitisation software developer Nuqlea, Bloomberg Línea reported on Friday. Newtopia VC led the round, also investing alongside Catalysts.

Fintech

Payment services firm Mastercard has led a $40m round for Saudi Arabia-based digital payment services provider HyperPay in connection with a strategic partnership, Financial IT has reported.

GMO Venture Partners, a subsidiary of internet company GMO, has taken part in a $3m round for India-based online venture debt platform 8vdx, the Economic Times reported on Friday. Y Combinator, Zillionize, Cathexis, Grant Park Ventures, Asymmetry Ventures, Earlsfield Capital Partners…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.