Consumer

Prosus Ventures committed capital to e-commerce finance provider Wayflyer at a $1.6bn valuation, increasing its overall funding to over $236m.

The pet services provider is joining forces with CHW Acquisition Corporation at a valuation just over half that at which former backer SoftBank invested in 2018.

Intel and Alibaba-backed database software producer MariaDB agreed a $672m reverse merger while predictive analytics provider Pecan AI was one of three GV investments.

Constuction materials marketplace RenoRun's $142m Schneider Electric-backed series B round headed up some large rounds for Canadian companies also including League and Ekona Power.

Solana and Jump Trading helped crypto wallet developer Phantom secure $109m while HR software provider Gupy netted $93.1m in a round co-led by SoftBank.

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

Sector report: finance

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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.

Despite being the first year spent entirely during the pandemic, 2021 underlined the strengths of the ecosystem with spinouts raising nearly $39.2bn.

Baidu and Geely committed $400m to Jidu, their joint venture from the hot electric vehicle space. The proceeds from this latest transaction will go to R&D and mass production of cars.