Financial

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

Matt Kolling has taken on the chief investment officer position at Union Bank’s corporate venturing unit nearly a year after joining its parent company Aboitiz as head of venture investments.

American Family and Scor participated in a round that will support the expansion of Branch's digital insurance platform through the United States.

Scalable Capital is valued in excess of $460m following a round that lifted the digital wealth manager's total funding to about $130m.

Scalable Capital is valued in excess of $460m following a Tengelmann-backed round that lifted the digital wealth manager's total funding to about $130m.

The online home insurer is valued at $1.5bn after a series E round backed by Standard Industries, Lennar, Comcast Ventures and Propel Venture Partners.

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

Alibaba's financial services spinoff plans to float concurrently in Shanghai and Hong Kong, with China Life and China Post among the investors in line for exits.

Tencent, Info Edge and SoftBank-banked Policybazaar is aiming for $250m in a round set to precede a 2021 initial public offering expected to value it at $3.5bn.

Two fintech companies floated in early July 2020, giving an exit to corporate backers in what has been a good year for the sector.

Bank Central Asia's accelerator has chosen 11 startups for the third cohort of its accelerator partnership with GK – Plug and Play.