The video editing software provider has allocated $13.5m to the vehicle, which will make strategic investments in related areas.

Innovative region: Singapore

Oncology therapy developer Recludix Pharma raised $60m in an Access Biotechnology-backed round while Stripe took part in digital payment technology developer Imprint's $38m series A.

Prosus Ventures took part in the D2C brand acquirer’s third round this year, valuing it at above $1bn and boosting its overall equity and debt financing to over $300m.

The Volkswagen and Access Industries-backed ride-hailing service joined forces with Rosecliff Acquisition Corp I in a deal valuing the combined company at $1bn.

Olympus Innovation Ventures will provide funding for early and growth-stage medical technology developers.

Stripe has backed the accounting software provider’s latest round, first reported last month, which pushed its total funding to $140m.

M&G Investments has joined new and returning investors including Intel, Samsung Ventures, Porsche and Allied Group in the high-definition sensor camera provider’s latest round.

NTT Docomo took part in a series A round for VR technology developer Hikky that stands at $57.1m so far while cancer therapy developer Ankyra raised $45m from investors including GV.

The Beenos, Toyota Tsusho and Digital Garage-backed used vehicle resale marketplace has filed to go public, four months after securing funding at a $1.2bn valuation.