Consumer

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

The Aeon and American Express-backed online grocery retailer is set to list its shares on the Nasdaq Capital Market through a reverse takeover.

PayPal and Carta were among the LPs that have backed the early-stage venture firm’s first fund, which will invest in e-commerce technology startups.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

Berkshire Hathaway led a second tranche of a series G round, raised by Nubank, a Tencent-backed virtual bank based in Brazil, at a $30bn valuation.

Transcarent has raised $58m from Bayer and Merck, while Nvidia has bought DeepMap, one of its portfolio companies also backed by Bosch.

The Alibaba and Groupe Artémis-backed upmarket goods marketplace issued 5.75 million shares priced at $20 each.

The alcoholic beverage distributor's Country Garden-led series A round took its overall funding close to $157m.

The disruptive growth team will combine 301 INC, Gworks, and Isquad.