Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

Tencent reportedly owns more than 30% of online brokerage Futu Securities, which has confidentially filed to go public, targeting a $2.5bn valuation.

Telematics system developer and MIT spinout Cambridge Mobile Telematics has raised $500m from Vision Fund that will be used for product development.

Ikove Venture Partners has launched a $10m venture capital vehicle to help spawn spinouts based on projects at Ohio universities.

Goldman Sachs, Citigroup, Credit Suisse and existing investor JPMorgan Chase provided $17.5m of funding for the financial data software developer.

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

Stablecoin developer Basis is shutting down after facing regulatory issues and will return most of the $133m it raised from investors including GV in April.

Dell-backed cloud billing service Aria Systems has now raised $180m altogether, securing $30m from Runway Capital and its existing investors.

The GV-backed financial software technology provider raised series C funding in a Kleiner Perkins-led round that valued it at $2.65bn.

The fintech platform has raised equity financing from backers including First Data and Salesforce Ventures while Orix and Pacific Western Bank provided debt.