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Softbank enabled the cybersecurity software provider Cybereason to secure crossover financing at a valuation likely to have exceeded $3bn. This year seems set to be a record one for the broader corporate-backed cybersecurity space, with valuations spiking up.

AG2R La Mondiale committed capital to lending platform Younited Credit. The larger round is not surprising as the alternative lending space is experiencing a recovery after the pandemic shock.

The China-based ride hailing service company debuted in an upsized $4.44bn IPO, giving potential exits to several corporate backers that are among some of its largest external shareholders.

A number of corporate backers scored an exit from trucking services marketplace Full Truck Alliance (Manbang Group), as the latter went public in the US. This transaction exemplifies an upward trend in exits for corporate-backed businesses from the transport and mobility space.

Lithium-ion battery provider Northvold has obtained its latest financing via a private placement co-led by Volkswagen and also backed by Scania.

Neo4j, a US-based provider of graph-centric database and related products, has raised $325m at a more than $2bn valuation in its series F round led by France-based private equity firm Eurazeo.

Monthly analysis: May 2021

Innovative region: South Africa

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.