The air taxi developer added $35m from Baillie Gifford to a $240m first close led by Tencent in March, and is now valued above $1bn.

Tencent is among the possible participants in a round that could reportedly double the online learning service provider's $510m valuation.

Private equity group Northstar has reportedly led a $130m round for the e-commerce marketplace, which counts JD.com, Sumitomo, CyberAgent and VNG as investors.

Progressive Insurance has invested in Varo Money as the latter prepares to become the first digital bank to be awarded a national bank charter.

The diabetes treatment developer, which counts WL Gore and Johnson & Johnson as investors, has raised a further $27m for its latest round.

An undisclosed investor provided the funding at a $4.3bn valuation, Marqeta having previously raised nearly $370m from backers including Commerzbank, Visa and CreditEase.

Existing investor Sirius was among the investors as the worker's compensation provider received a total of $127m, with $100m allocated to the launch of an affiliate called Pie Carrier.

University of Minnesota has invested in UBC spinout AbCellera's series B round that also included Eli Lilly.

The Alphabet-backed spacecraft provider has shot past its $250m target to raise $346m in a round expected to value it at $36bn.

Eli Lilly invested in AbCellera's series B round shortly after agreeing a research and collaboration licensing deal with the drug discovery technology provider.