Rocket Internet-backed peer-to-peer lender Funding Circle plans to raise $385m in an initial public offering in which private investor Anders Povlsen is set to purchase a 10% stake.

MacTough, who said he would be at the GCVI Summit in Monterey in January, had joined Liberty in July 2015 just after Robinson had set up its Strategic Ventures unit.

The insurance provider is looking for startups in the mobility, smart home, digital health and financial planning technology sectors.

Siam Commercial Bank and Clal Insurance have put their weight behind Pagaya, a fintech company that uses artificial intelligence to offer asset management.

Sallie Mae has led a series C round for Deserve, which offers credit cards to students without a credit history.

Advocate Aurora Health, Foxconn, Johnson Controls and Northwestern Mutual have each put $25m into a $100m venture capital fund.

ZestMoney added a $13.4m second tranche led by Xiaomi to a round including PayU that now stands at $19.9m.