Financial

SoftBank’s Vision Fund returned to back the e-commerce business in a $1bn round. Our data suggest upward pressure on valuations in this space as well.

Zain Ventures will provide funding for digital innovations in electronic services, and its first two investments are in Pipe and Swvl.

The CMFG Ventures Discovery Fund will invest in early-stage companies with diverse founding teams targeting the financial technology industry.

JD Health has backed a $93m series D round for Rimag, while a couple of India-based startups delivered exits.

SoftBank Vision Fund 2 took part in the 401(k) plan provider’s latest round that valued the business at $1bn, six months after it closed a series C.

Pulse Medical and BioMap are among the companies that raised nine-figure rounds, while Amwell bought two corporate-backed companies at once.

The payment technology provider backed by Stripe raised a series E round, which will be used to further develop its offering, strengthen its network capabilities and accelerate its growth.

Q&A with Veronica Gabriele, associate, Munich Re Ventures

Pulse Medical and BioMap are among the companies that raised nine-figure rounds, while Amwell bought two corporate-backed companies at once.

The corporate-backed consumer credit platform operator will get a Nasdaq listing from the transaction, which will include $120m in Pipe financing co-led by Palantir Technologies.

SoftBank helped the raw materials procurement company secure $160m in a series E round, which will finance its acquisition strategy.