Financial

Investec has returned to provide the first tranche of the PayPal and Avios-backed banking platform developer’s series C round, taking its total funding to $162m.

The investors-focused digital services provider is set to raise the cash from Kotak Mahindra Bank at a valuation of over $420m.

Ideo contributed to female-focused debit card provider Sequin's $5m seed round while Nikon has exited motion data software developer Wrnch.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Alibaba and Ping An-backed Prenetics is set to complete a reverse merger at a $1.25bn valuation. Exits from the broader genetics and gene therapeutics space appear to be in the middle of a valuation spike, according to our data.

Conductive Ventures returned for online savings platform developer Self Financial's $50m series E round while EV producer Volta Trucks completed its $43.6m series B.

Mastercard, Lloyds, Nationwide Building Society and Barclays helped digital payment technology developer Form3 boost its overall funding to $220m.

The Telstra Ventures-backed cross-border financial services provider was valued at $1bn after the latest round, which was led by D1 Capital Partners.

Mastercard, PayPal and Kotak Mahindra Bank-backed payment technology provider Pine Labs has added $100m of funding to its coffers this week.

Immutable, Abra and Francis Medical have all raised more than $50m, while MAZ Systems has been acquired by Zype.

Online furniture retailer Gaia, warehouse robot provider Locus Robotics, recruitment platform developer Canvas and ESG software producer Measurabl all raised $50m.