PayPal is one of 99 limited partners to have committed to the debut fund for the black entrepreneur-focused venture capital firm.

The online household items and fresh produce marketplace has sealed a $1.2bn majority acquisition by the Tata unit, enabling Alibaba to exit.

Lilly Asia Ventures took part in a $78m round for oncology therapy developer BH Med while gifting platform developer Snappy completed a $70m Hearst-backed series C.

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

SoftBank Vision Fund 2 led the e-commerce holding company's latest round, reportedly the largest series A ever closed by a US-based company.

Affirm spinoff Resolve raised $60m from investors including its parent company, while sales and marketing software provider Qualified secured $51m in a Salesforce-backed round.

Roc Nation scored an exit as the oat milk brand went public having priced its initial public offering at the top of its range.

IP Group is exiting the diffractive waveguide producer in a cash-and-share purchase by Snap.

The Lund research-based oat milk brand has floated in a $1.43bn IPO on the Nasdaq Global Select Market after pricing shares at $17.

DMG Ventures has co-led a funding round for Factory14, which is looking to become a holding group through acquiring smaller startups.