Consumer

Sector report: Transport

Nestlé is throwing its weight behind the Eureka Fund, a vehicle focused on spinouts from 27 research centres and universities across Italy.

Rachel Weiss has spent almost 15 years at L’Oreal and said she would be an early-stage investor at its Bold Ventures subsidiary.

Bank of Montreal provided debt and equity financing for industrial product marketplace Inxeption, which raised $275m, while smart home product maker Orvibo received $158m.

The cryptocurrency exchange is leaning futher into venture investments, expanding its fund to $500m and hiring a new partner.

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.

Cancer diagnostics tech developer Freenome cashed in an additional $290m from returning investor Roche, which will support it as it looks to expand its products to additional cancers.

The corporate's ongoing Latin American portfolio has grown after it led pet product retailer Laika's $48m series B round and a $40m round for rural finance provider TerraMagna.

SoftBank led 5G chip developer Eigencomm's $157m series C round while smart bank Seba Bank raised $120m in its own series C, which included Alameda Research.

UChicago Startup Investment Program has contributed once more to Foxtrot’s funding, participating in the convenience store operator’s $100m series C round.

Synthetic DNA producer DNA Script and personalised health plan provider Transcarent each closed $200m corporate-backed series C rounds.