Financial

Pharma CVCs have achieved an impressive exit record on the back of successes balancing tools in the innovation toolkit over the past 20 years

Innovative region: China

This is our data snapshot based on last month’s investment activity. 
The charts and tables have been generated by our data platform GCV Analytics.

Goldman Sachs, Citigroup, Credit Suisse and existing investor JPMorgan Chase provided $17.5m of funding for the financial data software developer.

HomeToGo has acquired the troubled Recruit-backed holiday home rental platform Tripping for an undisclosed amount of money. The company is part of the larger travel and accommodation space, which has seen growth of corporate-backed deals in recent years.  

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

Stablecoin developer Basis is shutting down after facing regulatory issues and will return most of the $133m it raised from investors including GV in April.

Dell-backed cloud billing service Aria Systems has now raised $180m altogether, securing $30m from Runway Capital and its existing investors.

The GV-backed financial software technology provider raised series C funding in a Kleiner Perkins-led round that valued it at $2.65bn.

The fintech platform has raised equity financing from backers including First Data and Salesforce Ventures while Orix and Pacific Western Bank provided debt.

Social security insurer Apicil and real estate holding company Reech Corporations Group have put up $11.3m for an insurance technology fund.