DG Daiwa Ventures contributed to a $40m series B round for Yellow Card Financial while Vitol provided $37m in series C funding for VavaCars.

Fund

Avanta Ventures, the corporate venturing arm of US-based insurer CSAA Insurance Group, has formed a $225m Fund II, which will focus on early-stage companies working on insurtech, mobility and related areas such as fintech, cybersecurity, smart home and applied artificial intelligence. Its total capital under management now stands at more than $300m.

Funding

Company Company description Sector Country Round Round size($m) Deal date Investors
Yellow Card Financial Cryptocurrency exchange platform Financial Nigeria B 40 19/09/2022 Digital Garage/Daiwa Securities Group (DG Daiwa Ventures); Polychain Capital (lead), Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy
VavaCars Used car-focused online trading platform Transport Turkey C 37 20/09/2022 Vitol
Incepto AI-equipped medical imagery platform Healthcare France N/A 26.9 19/09/2022 Axa (Axa Venture Partners); LBO France (Venture-Digital Health) (lead), Wille Finance, Karista, Bpifrance
Nutrition Technologies Crop insect inspection platform Industrial  Singapore N/A 20 20/09/2022 PTT Public Company (PTT Venture Capital) (lead), Sumitomo Corporation, ING Corporation (ING Sustainable Investments); Mandala Capital
Sequence Online B2B payment provider Financial UK Seed 19 20/09/2022 Salesforce (Salesforce Ventures); Andreessen Horowitz (lead), Firstminute Capital, Crew Capital, Passion Capital,  Dig Ventures, Fin Capital, 9Yards 
InnerPlant Plant physiology data aggregator Industrial  US A 16 19/09/2022 Deere & Co (lead), MS&AD Insurance Group (MS&AD Ventures); Bee Partners, UpWest
ImmunoScape TCR cell therapy developer Healthcare Singapore N/A 14 20/09/2022 Amgen (Amgen Ventures); Anzu Partners (lead), EDBI
PolicyMe Digital insurance provider  Financial Canada A 13.5 20/09/2022 Reinsurance Group of America (RGAX), Securian Financial, SiriusPoint; HCS Capital, Westdale Properties 
Fondue CashBack Shopify-focused coupon code substitution service Consumer Isreal Seed 10.5 19/09/2022 Samsung (Samsung Next), Casper, TheRealReal, Thumbtack, Candid, Carraway, CatchCo, Loox, Perry Ellis, Melio, Ramp, Plaid, Venmo; Quiet Capital (lead), Hanaco Ventures, Infinity Ventures, Ground Up Ventures, Sugar Capital, Starting Line,  R-Squared Ventures, Gaingels, Verissimo Ventures,  JAM Fund. 
ELYT.net Customer loyalty marketing platform  Media Turkey Seed  8 19/09/2022 Fibabanka (Finberg) (lead); Akın İdil, Bilge Algül İdil, Cihan Demir, İlker Sözdinler
Random Games Blockchain-equipped community gaming platform Media US Seed 7.6 20/09/2022 Polygon; Resolute Ventures (co-lead), Asymmetric (co-lead), Ignia, 2 Punks Capital, ID345, David Jones
CNote Wealth gap reduction service Financial US A 7.25 20/09/2022 American Family Insurance (American Family Insurance Institute for Corporate and Social Impact) (lead); Astia (Astia Fund), BankTech Ventures, Commerce Ventures, CityRock Venture Partners
Heru AI-based tax platform  Financial Mexico Seed 6 19/09/2022 Alphabet (Gradient Ventures) (lead); Soma Capital, GFC, Moving Capital, Mike Shoemaker, Flourish Ventures, Magma Partners 
Boundless Rider Insurance Agency Rider-focused insurance claim service Financial US Seed 4.75 19/09/2022 American Family Insurance (American Family Ventures) (lead), SiriusPoint; The Cross Country Group, Belmont Capital
Remedial Health Africa-oriented pharmaceutical value chain service Healthcare Nigeria Seed 4.4 20/09/2022 Tencent; Global Ventures (lead), Y Combinator, Cathexis Holdings (Cathexis Ventures), LightSpeed Venture (LightSpeed Venture Partners Scout Fund), Ventures Platform, Alumni Ventures, True Capital Management, Guillaume Luccisano, Christopher Golda
Edison Fu

Edison Fu is head of Asia development at Global Corporate Venturing.