Financial

Q1 analysis: Venturing deals still concentrated in non-core areas, more exits reported in the first quarter, average deal size dropped slightly

The insurance group has joined 1337 Ventures for a pre-accelerator that will run twice a year, with the top two companies set to receive $36,500 each after a demo day.

CO2 is the focus but limiting emissions is hard; capturing, using and storing offers opportunities; but critical under investment in innovation

EV Growth-backed online education platform developer Ruangguru pulled in $55m while ProSieben and Rocket Internet helped open banking platform developer Tink take its total funding to $344m.

TDK Ventures and XTX Ventures participated in a sizeable round raised by the advanced computing technology provider Groq at a unicorn valuation. The company is part of the larger artificial intelligence (AI) space, which has seen much and sustained interest by corporates in recent years.

MaC Venture Capital has raised its inaugural seed fund thanks to limited partners including University of Michigan and Howard University.

E-commerce platform developer Olist added $23m to a SoftBank-backed round now topping $80m, while Waters Corporation-backed TetraScience closed its series B at $80m.

The Fidelity-backed digital banking software provider has floated on the Nasdaq Global Select Market in a $180m offering priced above its range.

The FIS-backed round valued the fraud prevention software provider above $1bn and lifted its overall funding to roughly $400m.

Prosus took part in a $63m round for logistics service provider Shipper while V1 Group-backed animation platform developer Laihua raised over $25m.

The crypto trading platform has executed a direct listing and is now valued above $85bn, six years after BBVA, New York Stock Exchange, NTT Docomo and USAA backed it at a $490m valuation.