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

University of Milan spinout Wise is a developer of low-invasive neuromodulation implants for treating pain and neurological disorders.

Volkswagen has co-led a $600m round for Northvolt together with Baillie Gifford and Goldman Sachs, while Scania also returned.

Existing shareholder SoftBank has doubled down on its commitment to VTex by backing a $225m series D round that pushed the retail management platform’s valuation to $1.7bn.

Sophia Genetics has added Hitachi to its list of shareholders following a $110m series F round that also included returning backer Swisscom.

Joyson Electronics has farmed out a stake in its smart driving subsidiary Joy Next to investors including Baofeng Energy and Ningbo Gaofa Automotive Control System.

Lyell Immunopharma was joined by new corporate backers Lilly Asia Ventures Biosciences and Alexandria Venture Investments to bring Sonoma’s series A round to $70m.

Zhejiang University-backed optical chip maker XY Technology will put the series B cash to strengthening its capacity and product.

DMG Ventures has contributed to a $308m funding round that increased Cazoo’s overall funding to some $558m and its valuation to more than $2.5bn.

Barclays, Citi, HSBC and National Australia Bank have provided a $20m extension, joining a round already backed by CreditEase and American Express Ventures.