Alibaba’s Greater Bay Area-focused fund is on its way to reaching its ceiling in the first half of this year, having secured a third of the $150m in capital so far committed.

Digital bank operator Tonik Financial raised $131m in a Mizuho Bank-led round while e-commerce software provider Shopware secured $100m from PayPal and Carlyle.

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

Orange Grove Bio has partnered SV Investment to jointly source therapeutics in South Korea and the US and create spinouts.

SoftBank Vision Fund 2 led a $300m round for business-to-business marketplace ElasticRun and co-led blockchain creation platform developer Aleo's $200m series B.

Financial services provider Tribal raised $60m in a SoftBank-led series B round while Credit Saison invested $30m in a round for peer-to-peer lender Julo sized at up to $60m.

Salesforce Ventures and MSIVC re-upped their commitment to the owner of employees healthcare platform Carely in a $16.5m round boosting its overall funding to nearly $39m.

A roundup of exits, including IPOs and acquisitions, across the tech transfer ecosystem.

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

Citi Ventures and Visa helped e-commerce services startup Cart.com raise $240m while SoftBank Vision Fund 2 took part in nine-figure rounds for Dewpoint and Platform Science.