Returning investor Tencent chipped in to a round that increased the total raised by the online fresh produce retailer to more than $400m since it was founded in 2014.

PayPal is part of a consortium of investors that has pushed the total funding for gift card marketplace Raise to more than $147m.

The LVMH-backed private equity firm has acquired a 27.9% stake in craft beer brewer Innis & Gunn in return for a $20.3m investment.

MycoTechnology, the developer of a mushroom-based vegan protein, secured the capital in a round co-led by Bunge that included Kellogg and Continental Grain.

Jeff Allen went to payment services provider Mastercard, where he was vice-president for strategic investments, in 2009 from investment bank Sagent Advisors.

Legend-backed e-commerce platform Wish is set to achieve a valuation of more than $8bn in a $250m funding round that is expected to close soon.

The retailer has provided $15.9m for the e-commerce platform, boosting its overall investment in the company to almost $42m.