Financial

The gig worker-focused mobile wallet developer tested its technology within Cabify before reeling the corporate in for a $12.5m round.

Ziegler Link-Age contributed to a round for SoftBank-backed financial wellness service PayActiv that increased its overall funding to $133m.

Bertelsmann vehicle BDMI was among the investors that helped push the overall equity funding for charity crowdfunding platform Omaze past the $50m mark.

Amid the covid-19 pandemic, interest in life sciences is now perhaps at its highest. This is true in corporate venture capital and three of the multimillion-dollar stories we reported in mid-August corroborate this.

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

UChicago has returned for a $35m series B round for Kin Insurance, co-founded by an alumnus of the university’s Booth School of Business.

CSAA subsidiary Avanta Ventures returned for a round that will help the home insurance provider expand across the United States.

Munich Re Ventures co-led the first round to be disclosed by the fleet insurance provider, with Qualcomm Ventures also participating.

Tencent is buying $160m of shares in the real estate platform's initial public offering, which also provides an exit for SoftBank Vision Fund.

MassMutual, Axa, Wanxiang, Principal Life, Aflac, Wells Fargo and Transamerica are all set to exit the insurance automation platform developer.

Canapi Ventures led a $75m series F round for Salesforce Ventures-backed Blend, valuing the digital lending platform at almost $1.7bn.