Telstra Ventures helped savings app developer Super raise $85m while ING Ventures was part of database software producer Weaviate's $50m series B.

Person Holding Silver Iphone 7

Fund

French cosmetics producer L’Oréal’s Bold unit supplied an undisclosed sum for DSG Consumer Partners IV, a fund run by India and Southeast Asia-focused investment firm DSG Consumer Partners. The fund is reportedly sized at about $125m.

M&A

Motor insurer Direct Line Group acquired By Miles, a UK-based flexible car insurance provider backed by carmaker Jaguar Land Rover and financial services firm CommerzBank, for an undisclosed sum. The company had raised more than $26m in total, as of an $18.3m series B round led by corporate venture capital unit CommerzVentures in 2020.

Dog food provider Butternut Box paid an undisclosed amount to buy Poland-based peer PsiBufet having taken part in the company’s PLN5m ($1.3m) seed round in early 2021.

Public markets

XJet, an Israeli 3D printing technology provider that counts architectural…

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Edison Fu

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