Financial

Bitwise Asset Management completed a $70m round backed by Coinbase at a $500m-plus valuation, while luxury goods wholesaler Joor raised $46m to take its overall funding to $81m.

The banking software producer has received $187m of series C capital from investors including Nationwide, Ping An and Westpac at a reported $700m valuation.

Monthly analysis: May 2021

Innovative region: South Africa

Sector report: Healthcare

BAT is vying to become a leader in the on-the-go wellbeing and stimulation space through a new corporate venturing unit that has been quietly investing in the space since last summer.

Gene therapy startup VectorY has raised more than $37m in an Eli Lilly-backed seed round while AR helmet developer XYZ Reality pulled in over $28m.

Ohio State University has again thrown its weight behind Rev1 Ventures, whose latest fund also attracted University of Dayton and multiple corporates.

The joint venture between Grab and BRI’s respective accelerators will concentrate on Indonesia-based developers of technology for merchants and small businesses.

Online vehicle retailer Motorway, restaurant ordering software provider Popmenu and meat and fish e-commerce platform Licious have all raised between $65m and $68m.

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