Netease is set to exit the video game developer in the third multibillion-dollar gaming acquisition so far this year.

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.

Mobile banking app developer One and earned wage access service Even will form a new company with the Walmart subsidiary featuring Qualcomm, Progressive and PayPal as shareholders.

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.

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.

Mental health app developer Lyra Health raised $235m from investors including Salesforce while blockchain development software provider Secret Network launched a $225m ecosystem fund.

Intel and Wargaming Group both exited the metaverse gaming platform developer in a deal which could be the first of several in the rapidly growing space.

Car leasing service Dishangtie Car Rental completed a $200m series D round featuring Ingka while crypto-asset software producer Lukka raised cash in a corporate-backed round valuing it at $1.3bn.

UK-based sales software providers Highspot and Cognism both scored funding in late-stage rounds, with Salesforce Ventures, Axa Venture Partners and Swisscom Ventures among the investors.