Financial

The business financing platform's latest financing included a $176m series C round featuring GMO, Synchrony, Allianz X, Recruit Strategic Partners and MUFG Innovation Partners.

Lockton contributed to a series B round that took the commercial insurance tool provider's total funding past the $50m mark.

Tencent-backed Kik is closing its social media and messaging app as it pursues a costly legal battle with the Securities and Exchange Commission over an initial coin offering.

KDDI, Mitsui Fudosan, Banco Santander, Mitsubishi UFJ and Nomura are among the investors that have provided $14m in a series A extension round, taking the round to $26.5m.

Tencent has reportedly committed between $130m and $150m to ETechAces, a financial comparison service already backed by SoftBank Vision Fund and Info Edge.

Summary of corporate-backed funding initiatives 2011-19

Real estate advertising portal Square Yards added $20m from investors including Bennett Coleman & Co to take its overall funding to $50m.

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

Creditshelf is buying business financing tool developer Valendo, which has raised an undisclosed amount from investors such as ProSiebenSat.1 Accelerator.

Binance and Matrixport participated in a round of undisclosed size for crypto news service Mars Finance that reportedly valued it at $200m post-money.

General Catalyst, Sequoia Capital and Andreessen Horowitz all chipped in as Alphabet, Visa and Amex-backed Stripe took its total funding past the $1bn mark.