The digital currency technology developer has raised $40m in a round co-led by GV and backed by Virgin which will support global expansion and R&D.

The University of California-backed UC-RNT Fund has led a round that enabled strategic investor Axis Bank to exit.

Razer has paid $19.9m for a 19.9% stake in MOL Global as part of a deal that will make MOL a master distributor of its virtual currency.

Tengelmann Ventures, which previously took part in the digital wealth manager's series A round last year, has returned for a $33.5m series B.

Ola-backed Mswipe has secured funding in a series C round that enabled another strategic investor, Axis Bank, to exit.

Nationwide Ventures joined investors including Assurant and AmTrust to supply $8m for Sure, an insurance app that just launched a smartphone protection product.

First rumoured a month ago, MobiKwik has now confirmed it is seeking between $100m and $150m in a funding round expected to close in the next couple of months.

The corporates have teamed with OurCrowd and the Hebrew University of Jerusalem's Yissum Research Development Company for an incubator which will open later this year.

Tola Capital led a round that followed the virtual auto insurance claims platform's $20m series C, which included Liberty Mutual, Intact, USAA and Fidelity.

The insurance firm has co-led a $15m round for online insurance comparison platform Coverfox that valued it at between $70m and $100m.