Energy

Mitsui USA-backed Arcadia is aiming to drive growth with series D funding co-led by Tiger Global and Drawdown Fund.

Q&A with Girish Nadkarni, president, TotalEnergies Ventures

Earthshot Ventures, a venture capital spinoff of Elemental Excelerator, counts the software provider among its limited partners.

UPS is buying delivery service Roadie having helped it raise $62m while heart disease treatment developer Nectero Medical secured $19.5m in a Boston Scientific-led round.

PayPal is to purchase its portfolio company Paidy, a consumer finance service provider. Paidy is part of the wider payment tech space, which has seen an increasing number of exits since last year.

Myeg returned for augmented reality technology developer HiScene's $41.6m series C-plus round while celiac disease drug developer Calypso Biotech hiked a corporate-backed round to over $33m.

Stratasys spinoff Evolve Additive Solutions secured $30m from 3D Ventures while CollegeDekho - spun off by GirnarSoft - raised $26.5m.

SoftBank Vision Fund and SAEV - both existing investors in the enrgy storage technology developer - contributed to a $100m PIPE financing supporting the deal.

Home rental finance service Jetty bagged $23m from investors including Citi, Farmers Insurance and CreditEase, while ByteDance co-led IoT technology developer RiVai's latest round.

The data analytics software producer, which counts Alphabet, Salesforce and Amazon among as backers, raised a $1.6bn series H at $38bn valuation. It is a case in point for the upward pressure in valuations of companies from this space which we have been seeing.

Versanis Bio secured $70 to commercialise a treatment licensed from Novartis, while Salesforce, Intel, Orange, Nike and Alphabet all celebrated exits.