CAA and UTA-backed artist support service Patreon is valued at $1.2bn following a round that brought its overall funding to $257m.

The online education platform developer is reportedly lining up Tencent for a $1.2bn round that will value it at about $13bn.

DST Global has injected $122m to push the Tencent, Naspers and BCC-backed online education platform’s series F funding to more than $145m.

The adult education provider completed a series D round, reportedly advancing its valuation past the $700m mark in the process.

The disaster prediction platform developer has signed a multi-year agreement with insurance firm Sompo Holdings, which had already backed its series B round.

The four-month accelerator programme operated by banking group MUFG’s research subsidiary has begun accepting submissions by startups focusing on post-pandemic realities.

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

KKR has led a $150m round for Huohua Siwei that included Longfor Properties, after the online education provider added 100,000 users in under five months.

Huike Group's IT education spinoff has secured $79.7m from Gaorong Capital and GL Ventures seven years after it was launched.

Alibaba has paid a nine-figure renminbi amount for a stake in its strategic partner Helijia, which markets beauty services to consumers through a mobile app.