Financial

Nabard launched NabVentures last month and has hired former CapAleph Fund director Rajesh Ranjan as to run the unit as chief executive.

Tencent and Allianz-backed mobile bank N26 will use the proceeds from the Insight Venture Partners-led round, which valued it at $2.7bn, to expand into the US.

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

The financial analysis software provider, which counts SIG as an investor, has secured series B funding to take its overall funding to date to $60m.

Aflac has invested $20m in the life insurance portal in connection with a reinsurance services agreement, following a $50m series A round in 2017.

Tencent owns a 38% stake in the online brokerage, which has filed to go public in the US with a smaller target than previously reported.

Bakkt, a digital asset exchange formed by Intercontinental Exchange, received approximately $183m from investors including Microsoft, PayU and Boston Consulting Group.

The blockchain software producer is planning to spin out most of its incubator startups as its Consensys Labs unit refocuses on direct investments.

We present you three charts that summarise some of the major trends and highlights in corporate venturing from 2018 and years prior

Sun Life invested an undisclosed sum as part of the series A round, disclosed alongside news Bowtie has received a licence to sell life insurance virtually.