Energy

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

Citi Ventures and Visa helped e-commerce services startup Cart.com raise $240m while SoftBank Vision Fund 2 took part in nine-figure rounds for Dewpoint and Platform Science.

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.

Sector report: finance

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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.

Luca Maria Rossi set up the New Frontiers unit in late 2020.

SoftBank led digital pharmacy Alto's $200m series E round as well as a $130m series B round for rent data software provider Esusu.

Ørjan Aukland had spent two-and-a-half years as head of corporate M&A and corporate venturing at industrial group Lyse before joining GreenCap last August.