Sectors

Macnica and Singtel Innov8 are set to exit the cybersecurity technology provider in a $617m cash and stock purchase by SentinelOne.

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

Hanwha Systems was among the participants in the satellite communication technology developer’s latest round, having originally agreeing to invest $30m in late 2020.

Legend Capital was among the investors in the synthetic biology-derived materials producer’s fourth round, which helped lift its total funding to over $100m.

The immuno-oncology treatment developer secured series B funding from investors including Legend Capital, a year after its $50m series A round.

MUFG Innovation Partners contributed to mobility financier Moove's $105m series A2 round while MS&AD and Nationwide helped insurance software developer Socotra raise $50m.

More than 20 corporate backers are due to score exits through an offering that could value the online consumer services portal at nearly $29bn.

The corporate divested about 10% of its shares in the NYSE-listed online marketplace having already sold almost $1.7bn in shares six months ago.

Unfavourable market conditions have scuppered the corporate-backed consumer credit company’s planned reverse takeover as it opts instead for more private funding.

Legend Capital and Sunshine Insurance were among the investors in a $91.1m round for the text recognition software developer.

The healthcare provider has added $25m to its original commitment of $25m for TMC Venture Fund, to be deployed over the next decade.