Tencent has led a series E round that reportedly tripled LMU Munich-linked Scalable Capital's valuation to $1.4bn.

The Mastercard, Visa, CreditEase and CommerzBank-backed card issuing platform developer priced the offering above its range.

Berkshire Hathaway led the second tranche of the Tencent-backed virtual bank's series G round at a $30bn post-money valuation, bringing it to $1.15bn.

Tencent led a BlackRock-backed round that tripled wealth management platform developer Scalable Capital's valuation to $1.4bn.

McCain helped meatless nugget producer Simulate secure a $250m valuation while retail technology developer Grabango raised $39m from investors including Unilever and Honeywell.

The Chernin Group, Capital One and Kraft Group-backed banking app developer will get a New York Stock Exchange listing through the deal.

SoftBank is set to exit smart scheduling software developer X.ai as its Vision Fund 2 invests in artificial intelligence technology unicorn AInnovation.

Sage, Shopify and Bank of Montreal have backed a round that pushed the bookkeeping services provider's total funding past $100m.

Coupa has unveiled an investment vehicle dedicated to the business spending management sector and disclosed its first two investments.

Nina Gerson, Jamie Rosen and Jeremy Zhu have all stepped up after conducting a number of deals on behalf of Alphabet's growth equity subsidiary.