Consumer

Sector report: Oil and gas

For many of the attendees at the Global Corporate Venturing and Innovation Summit 2021 held late last month in Monterey, California, the conference was their first in-real life (IRL) event since the pandemic effectively stopped them in the first quarter last year after the previous summit.

The consumer technology producer secured a further $50m from undisclosed investors to expand a GV-backed round.

Bond trading platform developer Trumid raised its latest round, featuring Singapore Exchange, at a $2.4bn valuation. This is one of the latest examples of such multi-million dollar deals from the roaring fintech space.

Solar wafer technology developer NexWafe bagged $45m in a Reliance Industries-led round while BDMI helped hike collectibles marketplace Rally's series B to the same size.

The $136m latest tranche of the e-commerce group’s series E round included Concord Fortune Group, adding to an AIA-backed first close.

Neurological disease drug developer Axial raised $37.3m from investors including Taiho Ventures while Best Buy is purchasing OSF and Legal & General-backed remote healthcare technology provider Current Health.

The SoftBank vehicle provided the cash at a $4bn valuation and it will support the outdoor apparel brand's domestic and international growth.

Singtel Innov8 is set to exit cybersecurity technology developer Bitglass in an acquisition deal while Nio Capital contributed to marketing software developer Whale's $50m series B round.

Corporate-backed cloud networking software provider Pluribus pushed its total funding to at least $110m while IAG has exited Hyper Anna in an acquisition by Alteryx.

Corporate-backed Rebel Foods raised series F funding to further develop its cloud kitchen platform, expand its global presence and acquire new brands.