Financial

US-based grocery delivery service Instacart, which has been backed by multiple corporates previously, raised $200m in a series E round.

PNC and Citi Ventures have co-led a round of undisclosed size that came just five months after the accounts receivables software provider raised $50m from SGE.

MassMutual Ventures and Synchrony Ventures have come on board as investors as the identity authentication technology provider prepares to expand into new sectors.

The corporate invested an undisclosed amount to take its total commitment to cashless payment technology provider Nayax to $24.5m.

The payment processing software provider has completed a Mastercard-backed round that took its overall financing to more than $180m.

Coiney, which is backed by Dentsu, CyberAgent and SBI, is set to merge with Stores.jp and form a payment technology company called Hey.

The purchase data analytics platform, which is backed by Aimia and Fidelity Information Services, had raised almost $210m in venture financing.

Corporate venturing units Sistema Asia Fund and Bertelsmann India Investments took part in the round's $10.5m first close in September last year.

Ping An Ventures is raising a total of $1.3bn for two life sciences-focused fund: $500m for a dollar-denominated fund and $800m for a renminbi-denominated one.