May was a busy time for exits; GCV reported various multimillion and multibillion deals across sectors.

We provide a brief overview of some of the notable exit transactions reported last week. They highlight a broader upward trend in exit transactions for corporate investors, which we have been tracking for some time now.

Kyocera, Mitsui Fudosan and Japan Post hepled satellite technology developer Axelspace complete its series C round while PayPal is buying portfolio company Happy Returns.

Virgin Orbit and Sumitomo Corporation are participating in a $70m PIPE financing to support a reverse takeover for the quantum encryption technology developer.

York spinout Cizzle Biotechnology has undertaken a reverse merger with Bould Opportunities to list on the London Stock Exchange.

Short-term accommodation provider Cohabs secured more than $70m in a round led by AG Real Estate, while Stampli, Impress and Tarana Wireless each raised $50m.

Simon Ventures-backed electric scooter rental service Bird is getting a New York Stock Exchange listing through the merger with Switchback II Corporation.

Tencent owns almost half of the social media platform developer, which had revealed its intentions to go public earlier this year.

Human resources software provider Legion and edge cloud services provider Zenlayer each received $50m while Intel is exiting Sedona Systems in a $100m acquisition.

Existing investor SoftBank is participating in a $1.5bn PIPE financing for the digital mortgage services provider as it looks to merge with Aurora Acquisition Corp.