Corvus spinoff Angel has secured series A funding from investors including Tigermed, Betta Pharmaceuticals and Hisun Pharmaceuticals.

Z Corporation has exited its 40% stake in crypto trading exchange TaoTao in an acquisition by SBI.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Big Hit Entertainment, the Netmarble-backed talent management agency and record company, priced its initial public offering at the top of its range.

The $28.5m vehicle will mainly invest in Japan and US-based middle to later-stage developers of technologies pertinent to the construction firm’s focus areas.

The $47.3m SuMi Trust Innovation Fund is expected to invest its capital over a decade and will target companies developing digitisation products.

The $2.5m Kyoto Shinkin Bank and Kyoto Chuo Shinkin Bank-backed vehicle is run by Future Venture Capital and will back local entrepreneurs working on social and economic challenges.

Marui Group and Value Create are among the LPs for the venture firm’s Food Future Fund, which is sponsored by restaurant operator En-Rest and is targeting $28.4m.

Ping An's lending and wealth management spinoff, valued above $39bn two years ago, has selected the New York Stock Exchange for its flotation.