Nestlé is throwing its weight behind the Eureka Fund, a vehicle focused on spinouts from 27 research centres and universities across Italy.

Rachel Weiss has spent almost 15 years at L’Oreal and said she would be an early-stage investor at its Bold Ventures subsidiary.

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.

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.

The corporate's ongoing Latin American portfolio has grown after it led pet product retailer Laika's $48m series B round and a $40m round for rural finance provider TerraMagna.

SoftBank led 5G chip developer Eigencomm's $157m series C round while smart bank Seba Bank raised $120m in its own series C, which included Alameda Research.

UChicago Startup Investment Program has contributed once more to Foxtrot’s funding, participating in the convenience store operator’s $100m series C round.

Synthetic DNA producer DNA Script and personalised health plan provider Transcarent each closed $200m corporate-backed series C rounds.

Delivery Hero has generated a healthy return having sold part of its stake in delivery app developer Rappi, one of several investments in the Latin American market.