Allianz and White Mountains Insurance helped Pie Insurance raise $315m while Cargill and ADM chipped into Innovafeed‘s $250m series D round.

Funds

US-headquartered technology event promoter Web Summit is seeking a total of $40m for two funds under the Web Summit Ventures banner, TechCrunch reported yesterday, citing unnamed sources. The capital will be equally split between a Web Summit Ventures Seed fund which will invest up to series A and a vehicle dubbed Web Summit Ventures Growth that will back companies at series B stage and later.

Door manufacturer Masonite International Corporation has contributed €5m ($5m) to Circular Innovation Fund,…

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Edison Fu

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