Financial

Shapeways is another company from the 3D printing space, which has gone public through a reverse merger, after its peer Desktop Metal in 2020. The additive manufacturing space has seen a somewhat modest interest from corporate investors in the past decade.

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

PayPal Ventures has returned to take part in the virtual currency platform developer’s series D round, which secured it a $2.4bn post-money valuation.

Stanford University returned for the cryptocurrency exchange infrastructure developer's series B round.

Rakuten took part in a $37m round for virtual kitchen operator Taster while Nano Dimension is buying M12-backed 3D microprinter developer NanoFabrica for up to $54.9m.

Stripe has reinvested in the teenager-focused digital banking services provider, which also counts Sesame Workshop and WndrCo as existing backers.

Insurance provider Assurant's corporate venturing unit has had three portfolio companies enter reverse merger deals since the start of March.

Applied Ventures helped assay provider Ultivue close a $50m round while clean energy producer Sunseap has followed a $72m series D4 round with more corporate funding.

Wells Fargo Strategic Capital was among the investors in a series D round valuing the child-focused banking platform developer at $2.3bn.

The CMFG Ventures-backed challenger bank’s latest round valued it at $2.2bn and pushed its total funding past $400m.

Renal care provider InterWell Health and skincare product manufacturer Make Essence both raised approximately $46m while Salesforce-backed JazzHR agreed a merger.