Financial

Goldman Sachs has put $25m of funding into Raisin to drive an expansion into the US and into two additional European markets.

RiskGenius, a developer of insurance language processing technology, has received new funding, with FM Global and Hearst both taking part.

Cancer treatment company Biontech raised $325m round backed by Fidelity. The company forms part of the hopeful oncology and cancer treatment subsector of life sciences which has seen much growth and in corporate backing in recent years.

Hiscox and MS&AD-backed insurance-risk trading marketplace Akinova is looking to raise series B cash as it prepares to grow its operations.

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

The US-based venture capital firm has hired GV’s former partner and entrepreneur-in-residence, Anish Acharya, to oversee fintech investments.

Japan-based cryptocurrency exchange DeCurret has raised $31m from a dozen corporates such as Internet Initiative Japan, Sumitomo Life, KDDI and Toppan Printing.

Creditas has received $231m in series D funding from investors including SoftBank through its Latin America Fund and Vision Fund, and Santander.

Visa has contributed to a $40m series B round for Anchorage, which is working on cryptocurrency protection technology that does not require a password.

Leapstack Data Technology will put the money from the PPDAI Group-backed $14.5m round to partner additional insurance companies in China.

Prudential Financial and existing shareholder PayU have backed a $135m series E round for Remitly, which concurrently obtained $85m in debt financing.