The Alibaba-backed rail network software developer pushed its overall funding near the $130m mark in a round led by Sanno Capital.

Visa participated in an $18.8m round for the subscription management technology provider that pushed its total funding above $28m.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

SoftBank paid $350m for a 30% stake in the satellite internet system developer, which has emerged from bankruptcy, while Hughes Network Systems supplied the other $50m.

Mutschler Group and SoftBank Vision Fund are in line for exits as the online car dealership reveals plans to list its shares in Frankfurt.

Kaiser Foundation Hospitals and Medpace took part in a round that will support phase 3 trials for the startup's lead cardiometabolic disease drug candidate.

Existing investor Scania co-led a series D round in which the trucking services platform developer achieved a valuation above $1bn.

Former senior sales director Darren Winter has joined Frontier IP to support its portfolio companies with fundraising.

Lundbeck and Novo were among the participants in the immuno-oncology drug developer's series B round having backed its series A four years ago.

Tencent led an $83.9m round for the insurance technology developer, which counts Axel Springer and ProSiebenSat.1 among its earlier investors.