Ion Group and SoftBank backed online trading platform eToro at a $3.5bn valuation while Axa helped health benefits provider Gravie raise $179m.

Multiple finance-focused corporates helped supply $200m for Illuminate Financial's third fund while Reebelo’s Naver-backed series A round now stands at $50m.

Zero-emission courier service Zedify secured over $6m while Naspers closed its $100m Naspers Foundry fund.

Walmart invested another $200m in PhonePe while Polygon, Ripple and GSR are among the LPs in Blockchain Founders Fund’s $75m second vehicle.

Alphabet led Clever Care Health Plan’s $41m series C while Heritage Group and Prologis participated in SolarCycle’s $30m series A round.

G42 acquired shares from existing backers including SoftBank and SIG valuing ByteDance at $220bn while Novartis co-led Mediar’s $85m series A round.

Several corporates are in line to exit WeRide through an IPO that could raise $500m, while CNH Industrial bought portfolio company Augmenta for $110m.

Citi Ventures took part in a $43m round for Masttro while Banpu Next and Equinor Ventures contributed to Green Li-ion’s $20.5m pre-series B.

Sinovac Biotech led Yongrenxin Medical Instrument’s $100m series A round while Sanofi Ventures co-led QurAlis Corporation’s $88m series B.

Corporate-backed ZKH Group has filed for a $200m IPO in New York while The Believer Company launched with $55m from investors including Riot Games.