Baidu and China Citic Bank-owned AIBank is looking to raise up to $1bn in the coming months, adding to the $576m in capital provided by the corporates so far.

Thomas Zehnder of BlueOcean Ventures and Ami Ben David of Spice Venture Capital discussed the advantages of blockchain technology in making assets such as venture capital less rigid.

Visa, CommerzVentures and CreditEase were among the existing investors that backed card issuer Marqeta in a round that valued it at nearly $2bn.

The Mitsui and Virgin-backed money transfer service more than doubled its valuation to $3.5bn in a round that involved existing backers selling shares.

Jacqueline LeSage Krause of Munich Re Ventures and David Gilmour of BP Ventures are co-chairs of this year’s GCV Symposium, which is looking at how to navigate market turbulence.

The digital insurance software provider Snapsheet has closed a $29m series E featuring Nationwide, Sedgwick, State Automobile Mutual Insurance Liberty Mutual, Fidelity and USAA.

The financial services software provider increased its overall funding to $40m with a Wells Fargo-led round that featured Barclays and JP Morgan.

Power Corporation's Portag3 Ventures unit led a $32.1m round for the digital bank operator, which will use the funds to expand its app-based service.

Finarya is lining up funding from state-run bank BRI's corporate venturing unit, which is taking a 19% stake in the Mobile wallet provider.

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