The second Vision Fund has reached its first close, though the sum is a far cry from the $108bn in MOUs it secured from potential backers earlier this year.

The iQiyi-incubated VR and AR tech developer has raised $14.2m in an Addor Capital-led series A round that will be used to boost its product offering.

Qiming Venture Partners led a $14.3m round for UBTech Robotics’ educational technology affiliate, with the cash to go to product development, partnerships and expansion.

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

SoftBank Vision Fund has agreed to participate in a $1bn funding round for Paytm, but has stipulated the payment processing platform seek an IPO within five years.

Ping An is in line for an exit as its fintech spinout OneConnect files for an initial public offering potentially worth as much as $500m.

SpaceMarket has filed for an initial public offering on the TSE Mothers Market and its flotation will provide exits to CyberAgent, Opt, Recruit, My Navi and NTT Docomo.

SSIA-backed residential property marketplace secured Pavilion Capital and Gobi Partners as investors to support its bid to reach 20,000 Jakarta-focused property listings by the end of next year.

Akatsuki, Dai-ichi Life, Marui Group, Kaga Electronics and Shogakukan have all participated in a $13.8m funding round for Life is Tech.

GMO, Gree, KDDI, Colopl, Intelligence and Globis are all in line for exits as Lancers files for an initial public offering on the TSE Mothers Market.