Hellobike is talks to raise $400m in an Ant Financial-led round that could increase the bicycle rental platform's valuation to $5bn.

Prosegur has backed the $73m first close of Adara Ventures III, which will focus on deep technology developers in the business-to-business space.

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

TR Ignite will target Asia Pacific-based legal and regulatory technology startups, investing up to $250,000 in each successful applicant.

More than 50 corporates have thrown their weight behind Fifth Wall Ventures’ second fund, which has achieved a $503m close to invest in proptech developers.

IAC has provided $250m in series E funding to Turo, bringing the GV and American Express-backed car sharing platform’s total funding to $458m.

Investors such as Persol and Sompo have provided series B capital for ExaWizards, a developer of AI technology that caters to the elder care service industry.

SoftBank is the largest shareholder in CloudMinds, owning more than a third of the AI and robotics technology developer that is targeting an overseas listing in the US.

Patreon has collected another $60m in funding, adding to $107m in capital previously supplied by backers such as CAA and UTA.

K1 Investment Management has provided funding to Graduway just over a year and a half after Susquehanna International Group injected $12.7m.