Ion Group and SoftBank backed online trading platform eToro at a $3.5bn valuation while Axa helped health benefits provider Gravie raise $179m.

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M&A

Professional services firm Accenture purchased Flutura, an India-based developer of industrial internet-of-things technology, for an undisclosed amount, allowing electronics conglomerate Hitachi to exit. The corporate invested $1m in 2018 through subsidiary Hitachi High-Tech Solutions Corporation following a $7.5m series A round the previous year.

Splyt, a UK-based mobility marketplace backed by corporates SoftBank, American Express and Grab, has been acquired by…

Edison Fu

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