Innovative region: India

The digital media group has restructured its corporate venturing activities on the same day as China revealed proposals which would place investments under greater scrutiny.

Gemini and Smile Group were both part of the metaverse and NFT-fuelled game publisher's latest round, valuing it at $5.4bn pre-money as it makes big strides in venture capital investing.

Bank of Montreal provided debt and equity financing for industrial product marketplace Inxeption, which raised $275m, while smart home product maker Orvibo received $158m.

The cryptocurrency exchange is leaning futher into venture investments, expanding its fund to $500m and hiring a new partner.

Corporate venturing in China has bounced back and helped the country reach record investment activity in 2021.

Car leasing service Dishangtie Car Rental completed a $200m series D round featuring Ingka while crypto-asset software producer Lukka raised cash in a corporate-backed round valuing it at $1.3bn.

Jiangsu Yuyue Medical Equipment & Supply and Sunny Optical Technology Group have postponed their investments in Ant Group’s consumer finance unit after state-sponsored Cinda was required to halt its participation.

SoftBank has provided $146m for Qraft and plans to collaborate with it on development of an smart portfolio management product.

UK-based sales software providers Highspot and Cognism both scored funding in late-stage rounds, with Salesforce Ventures, Axa Venture Partners and Swisscom Ventures among the investors.