Consumer

Philippine Long Distance Telephone Company has co-led a second funding round for consumer loyalty platform AppCard.

2015 saw companies raising large VC rounds faster and investors existing quicker, according to Jon Norris of Silicon Valley Bank, and expect M&A to stay steady as IPO market continues to move slowly.

The conglomerate's corporate venturing unit led the round for Orami, the company formed by the merger of female-focused fashion retail sites Moxy and Bilna last month.

Foxconn led the wearable tracker maker's series A round, which also included Testrite and MediaTek.

The corporate took part through its Motorola Solutions Venture Capital unit, helping to boost wearable communication device maker Orion's total funding to more than $15m.

Corporates remained active as crossover investors helped take healthcare VC investment to its highest level since 2000, Jonathan Norris of Silicon Valley Bank told Global Corporate Venturing.

Campbell Soup has committed the money to a venture capital vehicle called Acre Venture Partners, which will fund food technology startups.

Financial services provider and strategic partner SBI Holdings has increased the size of Yello Mobile's latest round, raised at a $4bn valuation, to $73m.