Financial

SoftBank has led the ERP software provider’s pre-IPO round, with proceeds to be used for customer base expansion, recruitment, strategic acquisitions and product diversification.

Online credit banking service Upgrade has raised series E funding with the help of Koch Industries, reaching a valuation exceeding $3.3bn.

SoftBank Ventures Asia led ERP software provider Mabang's $46.3m series B round while Mainport Innovation Fund exited electrification technology developer ViriCiti.

Nanox is paying up to $230m for corporate-backed medical technology developers Zebra Medical Vision and USARad, while electronics marketplace JustFit raised over $46m.

Amex Ventures, Coinbase Ventures and CMT Digital have all returned to back the cryptocurrency exchange’s series C round, which valued it at $3.75bn.

The firm’s Impact Investing Fund will back and partner local black-founded companies in areas including infrastructure, capital access and sustainable neighbourhood planning.

Existing corporate investors Block.one and Coinbase Ventures participated in a round valuing the digital currency exchange at $1.1bn.

Leyaoyao raised a nine-digit yuan amount from investors including 37 Interactive Entertainment while Lockheed Martin and Booz Allen Hamilton contributed to AI developer Latent AI's series A round.

Lilly Asia Ventures was among the participants in a series C round closed by the Ant Group and China Re-backed healthcare payment platform operator.

JPMorgan Chase, BMO, Manulife and Barclays helped the accounting software developer raise series E equity and ebt financing at a valuation abobve $1bn.

Alameda Research, Blockchain.com and Coinbase helped cryptocurrency exchange Pintu close a $35m round while small molecule drug developer Aardvark raised $29m.