The payment tech space saw a flurry of activity in mid-January with two series D rounds and an aborted acquisition at corporate-backed companies.

American Family Insurance is set to acquire the insurance technology provider, one of its own portfolio companies.

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

You & Mr Jones has exited the digital ad payment platform in an acquisition by Integral Ad Science.

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

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

The Salesforce-backed lending software provider roughly doubled its valuation to $3.3bn in just five months, Coatue and Tiger Global Management co-leading its latest round.

The Stripe-backed cross-border payment platform developer more than doubled its valuation to $2.5bn in the Coatue-led round.

The $5.3bn purchase agreed a year ago would have enabled Alphabet, Mastercard, Citi and American Express to exit the banking software producer.

The Standard Chartered-backed owner of digital wallet Momo will use the funding to launch its own strategic investment subsidiary.