Financial

Jasan Fitzpatrick, previously general counsel at L&G’s investment unit, has been appointed managing director of principal investment to focus on build-to-rent and affordable housing segments.

ING Ventures and Uniqa Ventures co-led a second tranche of the business finance provider's series A round, which has closed at $24.9m.

Venture firm Innovestor has raised $32.6m from LPs including existing backer Mandatum Life for the first close of an industrial tech fund.

Zhonghan Insurance's online health insurance services spinoff Zuanwa almost doubled its total funding to nearly $29m with a $14.1m round featuring Longfor Properties.

The Allianz and Northwestern Mutual-backed life insurance portal received $37.5m in a round led by Brewer Lane Ventures that took its overall funding past $90m.

Returning investor Lloyds contributed to a round that will support the banking software provider's ongoing growth in the Asia Pacific region.

Comcast Ventures participated in the $31m equity portion of a $55m round for lending marketplace operator Lendio that will support the strengthening of its software.

Anthemis has secured $90m from limited partners including Aflac, Nürnberger and Sumitomo Life for an insurance-focused fund that will invest at late stage.

Alphabet will exit credit management company Credit Karma in a $7.1bn acquisition by Intuit.

GCV Emerging Leader Daniel Malandrin has departed from InovaBra Ventures’ parent firm to help one of its portfolio companies, Semantix, form a corporate venturing vehicle.

CommerzVentures led a $13.5m second close that pushed the insurance processing software developer's overall series A funding to $35.5m.