CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.

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

SoftBank led digital pharmacy Alto's $200m series E round as well as a $130m series B round for rent data software provider Esusu.

Michel Combes will take over Claure’s responsibility for SoftBank Group International.

SoftBank Vision Fund 2 helped blockchain technology provider Blockdaemon close a $207m series C round while Qualcomm-backed audio equipment brand BoAt is targeting $246m in its flotation.

Baidu and Tencent are among the investors that will score an exit if the online auto aftersales platform goes public in a Hong Kong offering.

Cathay Life Insurance is the latest in a string of Taiwan and China-based insurers to put money into external venture capital funds.

SoftBank's Vision Funds took part in a $260m series F round for online finance provider Creditas and led last-mile delivery service Paack's $225m series D.

Baidu and Geely injected the cash in their electric vehicle joint venture and the proceeds will be used for R&D and mass production of the cars.

Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.