CSAA-backed digital home insurer Kin Insurance has backed out of a reverse merger while The Sandbox has committed $50m to a metaverse startup accelerator.

SAP is set to pay an undisclosed amount for a majority stake in the Ping An, Saudi Aramco and Telus-backed digital invoicing technology developer.

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

SoftBank Vision Fund 2 helped blockchain technology provider Blockdaemon close a $207m series C round while Qualcomm-backed audio equipment brand BoAt is targeting $246m in its flotation.

SoftBank's Vision Funds took part in a $260m series F round for online finance provider Creditas and led last-mile delivery service Paack's $225m series D.

On Deck Fund (ODF) is a $150m pre-accelerator focused on startup ideation representing talent network On Deck.

Anhui Jiangnan Construction Investment Group helped commercial rocket developer Galactic Energy secure $200m while off-road vehicle developer Rox raised $100m in a Tencent-led round.

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

SoftBank Vision Fund 2 helped revenue growth technology provider 6sense close a $200m series E round at a $5.2bn valuation, cash used to acquire Gree-backed sales software developer Saleswhale.

The on-demand apparel printing wholesaler received backing from Joyy to expand into the US market.