Ucaidao has raised $40m in all having won the backing of Tencent, SoftBank, Alphabet, K11 and Agricultural Bank of China for its latest round.

Iqvia-backed medical marketing communications platform Naxions will pump the fresh capital into R&D, new product launches and customer relations.

New Hope Liuhe-backed Dong Pinhui has collected $14.3m to drive geographical and product expansion.

Tiger Global Management sold a 10% stake to Tencent in a deal that valued PolicyBazaar owner ETechAces, whose backers include InfoEdge and SoftBank, at $1.5bn.

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.

UTokyo Innovation Platform is among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Opt, NEC, Sony, Sumitomo Mitsui Banking Corporation and Mizuho Bank are among a long list of investors that have backed a $37.6m funding round for WealthNavi.

Mirae Asset-Naver Asia Growth Fund has contributed to a $30m round for Pops Worldwide, whose existing shareholders include WarnerMedia.

The deep tech-focused Graduate Research Innovation Program is due to onboard 60 founders for its inaugural cohort early next year to form startups for the chance for a total $177,000 investment.