Financial

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

SoftBank has returned to reinvest in the American Express-backed payment technology provider, which is now valued at nearly $2bn.

Osei Van Horne, a founding managing director of technology at Wells Fargo Strategic Capital, has joined JP Morgan’s Private Capital unit as managing partner and global head of sustainable growth equity investing.

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.

SoftBank has led the Ant, Bestseller, Bonnier, CBA, H&M and Visa-backed consumer finance platform’s latest round at a reported $46bn valuation.

Nityo has become the largest shareholder in the banking software provider after backing a round at a $600m post-money valuation.

MassMutual has helped commercial insurance platform operator Embroker achieve $140m of total funding by backing its series C round.

Joel Yarbrough will lead Rapyd Ventures.

Anil Hansjee had previously spent five years to April at PayPal Ventures.

Haili Li had previously spent two and a half years as an investment manager of HCM Capital