Financial

PayPal was one of several corporates to invest in Paidy before agreeing this week to purchase the consumer finance service provider.

Stripe helped cross-border payment processor Wave secure unicorn status in a series A round led by Sequoia Heritage at a $1.7bn valuation.

Scor joined returning investors Investec and Passion Capital to back the expat-focused auto insurance platform’s series B round, valuing it at $1.25bn.

Channel Talk, Segari and Borneo are all among the companies that have raised corporate venture capital, while Tepco celebrated an exit with the acquisition of Me:New.

The data analytics software producer, which counts Alphabet, Salesforce and Amazon among as backers, raised a $1.6bn series H at $38bn valuation. It is a case in point for the upward pressure in valuations of companies from this space which we have been seeing.

Versanis Bio secured $70 to commercialise a treatment licensed from Novartis, while Salesforce, Intel, Orange, Nike and Alphabet all celebrated exits.

Stanford-backed expense management platform Jeeves has received series B funding, two months after emerging from stealth.

Q&A with Alokik Advani, managing partner, Fidelity International Strategic Ventures (FISV)

Hearst, MassMutual and Nationwide have returned to invest in insurance comparison platform operator Insurify‘s series B round.

The deal is set to create one of the largest payment processing companies in the world, handling $147bn annually.

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