Financial

Opioid addiction care provider Groups Recover Together and healthcare management platform developer Vim each raised $60m, with Optum Ventures backing both rounds.

A decade or more after setting up the golden age of corporate venturing units were set up with a focus on life sciences and healthcare, such as US-listed conglomerate Alphabet’s GV (formerly known as Google Ventures) and US-listed drugs company Merck’s Global Health Innovation Fund (GHIF), and the returns have surpassed many expectations.

BitFury is set to exit the crypto wallet developer through a cash-and-stock acquisition by another investor, Galaxy Digital Holdings.

The Coinbase, Ripple and Monex-backed Latin American crypto trading platform was valued at $2.2bn in a round co-led by Tiger Global Management and Coatue Management.

Venture firm Launchpad Capital has been founded by Ryan Gilbert after five years as a general partner for BBVA-backed Propel Venture Partners.

SoftBank Vision Fund led a $75m round valuing OKR platform developer WorkBoard at $800m while therapist network provider Headway hit a $750m valuation.

Barracuda Networks could be in line to exit the accountancy software producer, which had disclosed more than $31m in funding through 2015.

Deutsche Börse and Wells Fargo Strategic Capital both took part in a round sized at over $150m for the private investment marketplace operator.

Harvard University’s endowment has participated in a funding round for the robo-advisory platform.

Ant Group has reportedly not supplied the $73.5m in funding it pledged for the mobile wallet developer Wave a year ago.

Solidia Technologies, Kelun Biotech and Doer Biologics all raised more than $70m while Sony added cash to a round valuing Discord at $7bn.