Hubert Burda Media has participated in a $16m series C round for StashAway, bringing its total funding to more than $36m.

The accounting software provider received $14.2m in a round co-led by Rabo Frontier Ventures that included Commerzbank.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

PayU returned to lead an $85m funding round for Remitly as demand for its cross-border money transfer service continues to grow amid the pandemic.

Mitsui and Virgin-backed remittance service TransferWise has bolstered its valuation to $5bn, up from $3.5bn, through a $319m secondary share sale.

The accounting platform operator’s investment subsidiary has unveiled Hirac Fund’s $11.7m initial close with multiple corporate LPs on its way to a $29m ceiling.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Thought Machine has added $42m to its series B round, bringing its total to $125m and welcoming SEB as a new investor.

Digital Garage has contributed to a $20m series B round for EMQ, which will use the cash to drive international growth for its cross-border payment network.

Backed by Tether International, Celsius Network offers crypto-secured loans without a credit check denominated in US dollars.