AstraZeneca likely received over $1bn from selling its shares, having invested $140m in the publicly listed covid-19 vaccine developer in 2015.

The round consisted of a primary and secondary transaction and the latter allowed Xiaomi to fully exit the company and Kunlun to reduce its shareholding.

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

Banco Sabadell looks likely to have exited the digital signature software provider after Providence Equity Partners bought a majority stake.

Mitsui and Virgin-backed remittance service TransferWise has bolstered its valuation to $5bn, up from $3.5bn, through a $319m secondary share sale.

A vehicle for conglomerate Yoma Holdings is reportedly investing $76.5m in a deal that will give it a majority stake in Wave, which is also backed by Ant Financial.

Xiaomi has invested about $103m in a cash-and-shares deal that involved it increasing its stake in the power bank provider to almost 50%.

Elbit Systems is now a minority shareholder in cybersecurity training spinoff Cyberbit, which has received primary and secondary funding from Charlesbank Technology Opportunities Fund.

Hillhouse Capital and Chen Yi Investment are making a secondary investment in the Hualan Biological Engineering spinoff which is now valued at more than $1.9bn.

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