Incode and Odyssey Therapeutics each secured over $200m while Alvotech Holdings, BenevolentAI and Tomorrow.io have agreed reverse mergers at unicorn valuations.

Salesforce Ventures helped supply $62m for business intelligence software developer Klue while GS Retail invested $55m in mobility services provider Kakao Mobility.

SoftBank’s Latin America Fund helped prayer app developer Glorify raise $40m at a $250m valuation while decentralised derivatives network Hxro Network secured $34m in a round featuring several corporates.

SoftBank Vision Fund 2 invested in sneaker marketplace operator Soda at a $336m valuation while university application platform developer CollegeDekho increased its series B round to $35m.

Mercedes-Benz and Stellantis made strategic investments in advanced battery developer Factorial Energy while celluar therapy developer Mana Therapeutics closed its $42m series A round.

Haptic glove developer HaptX hiked a NetEase and Verizon-backed series A round to $28m while several corporates contributed to home care network Welmo's $18.1m series C round.

Fosun RZ Capital returned to reinvest in e-commerce software provider Desty through a $5m series A round while inventory management software developer Smart Shopping boosted its total funding to $14m.

Online skills platform developer Sanjieke disclosed over $31m in funding from investors including Udemy while gaming guild Avocado Guild pulled in $18m through a round co-led by Animoca Brands.

General Motors purchased a 25% stake in the electric boat engine maker as part of a $35bn electrification technology drive.

Coinbase Ventures contributed to a $55m round for music-focused NFT platform developer Royal while neural search technology developer Jina AI raised $30m in an SAP-backed round.